Friberg, Richard (contributor); … - 2005 - [Elektronische Ressource]
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 …