Abstract
A great deal of attention has been paid to the analysis of the HeckscherOhlin general equilibrium trade theory with monopoly. (See, for example, Batra (1973), Cassing (1977), Kemp and Yabuuchi (1990), Lahiri and Ono (1989), Markusen (1981), Melvin and Warne (1973), Okuguchi (1979), (Panagariya (1981, 1982), and others.) Concerning the behavior of monopoly, however, these existing studies simply adopted the partial equilibrium analysis and overlooked or otherwise neglected two important effects that may be crucial to the equilibrium outcome with a monopoly.
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Tawada, M., Okawa, M. (1995). On the Behavior of Monopoly in General Equilibrium Trade Models. In: Chang, W.W., Katayama, S. (eds) Imperfect competition in international trade. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-2249-2_4
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DOI: https://doi.org/10.1007/978-1-4615-2249-2_4
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