trade and imperfect competition. …

We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that … in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff … gains for the short side of the market. We also find that competition has a strong negative impact on social well-being, the …

increase in competition. This paper develops a two-country endogenous growth model, with firm specific R&D and a continuum of … oligopolistic sectors under Cournot competition to provide a theoretical support to this claim. Since countries are assumed to …. Under Cournot competition, trade is pro-competitive. Since firms undertake cost reducing innovations, the increase in …