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-tech production. There are two agglomeration forces: R&D spillovers and backward linkages associated with high-tech production. The … dispersion of R&D activities are possible outcomes. Hosting an agglomeration of R&D activities does not necessarily lead to … welfare gains. -- monopolistic competition ; R&D ; high-tech production ; agglomeration economies …
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of trade liberalizations. -- trade policy ; geography ; agglomeration ; manufacturing ; Indonesia …
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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...
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