This paper examines if international trade can reduce total welfare in an international oligopoly with differentiated … goods. We show that welfare is a U-shaped function in the transport cost as long as trade occurs in equilibrium. With a … Cournot duopoly trade can reduce welfare compared to autarchy for any degree of product differentiation. Under Bertrand …

trade costs, the smaller economy tends to specialize in R&D. For certain parameterizations, both concentration and …

The effect of trade liberalization on the spatial concentration of economic activities is not straightforward. It has … domestic markets, but it has also been argued that trade expansion primarily favour existing industrial centres and therefore … and 1996, a period when Indonesia substantially liberalized its trade regime. The high concentration has not decreased and …