International Trade under Oligopoly Conditions

The paper gives a simple representation of how oligopoly affects the general theory of international trade. Three points are emphasized: the simplicity of trade under oligopoly in the Ricardian model; the equations describing the general equilibrium of a world economy with any number of goods, countries, and factors under oligopolistic conditions and an integrated world market; and a complete description of the solution of a Mill-Ricardo-Cournot model with oligopoly in one sector and perfect competition in the other. Copyright Blackwell Publishing Ltd 2003.