Gains From Trade in a Cournot–Nash General Equilibrium |
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| Authors: | Murray C Kemp & Koji Shimomura |
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| Institution: | University of New South Wales,;Kobe University |
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| Abstract: | It is shown that, in a context of Cournot–Nash general equilibrium, free trade is potentially gainful for each trading country. No restrictions are placed on the numbers of products, factors of production or countries, or on the nature of returns to scale. Moreover, preferences, techniques and factor endowments can differ from agent to agent.
JEL Classification Numbers: F10, F12, F13, F15. |
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