Gains from Trade in a Cournot-Nash General Equibrium
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.
Murray C. KEMP
University of New South Wales
Research Institute for Economics and Business Administration
Rokkodai-cho, Nada-ku, Kobe
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