Competitive versus comparative advantage

Arbeitspapier

I explore the interactions between comparative, competitive and absolute advantage in a two-country model of oligopoly in general equilibrium. Comparative advantage always determines the direction of trade, but both competitive and absolute advantage affect resource allocation, trade patterns and trade volumes. Competitive advantage in the sense of more home firms drives foreign firms out of marginal sectors but also makes some marginal home sectors uncompetitive. Absolute advantage in the sense of a uniform fall in home costs tends to raise home output in all sectors but also leads both countries to specialise less in accordance with comparative advantage.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Centre for Economic Research Working Paper Series ; No. WP02/19

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Trade: General ; Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
• Thema: Comparative and absolute advantage ; comparative and competitive advantage ; exchange-rate protection ; GOLE (General Oligopolistic Equilibrium) ; market integration ; Komparativer Kostenvorteil ; Oligopol ; Zwei-Länder-Modell ; Allgemeines Gleichgewicht ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Neary, J. Peter
• Ereignis: Veröffentlichung
• (wer): University College Dublin, Department of Economics
• (wo): Dublin
• (wann): 2002

Weitere Informationen

• Handle: http://hdl.handle.net/10419/72332
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ