An Empirical Approach on Oligopolistic Competition
An Empirical Approach on Oligopolistic Competition

Summary/Abstract: During the past decade international trade models have been focused more and more on the oligopolistic competition and more importantly on determining a general equilibrium. The aim of this paper is to use a General Oligopolistic Equilibrium model, GOLE, to analyze the international trade dynamics in three of the most important players on the world market, USA, EU and Japan. In doing so we intend to see whether the strategy that these three players have adopted during the past few years has been a good one, or on the contrary, some measures should be taken in order to reduce the trade balance deficit. Furthermore, we will try to determine the impact that changes in trade policy and in technology have had on each country have affected as well as on their trade partners.

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