Chapter 7: Imperfect competition

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Presentation transcript:

Chapter 7: Imperfect competition Charles van Marrewijk International Trade Chapter 7: Imperfect competition

7.2 optimal output for a monopolist Price MR demand pmon B operating profits A MC c qmon Quantity

7.3 autarky equilibrium with a monopoly for manufactures Food mon   opt       ppf Manufactures

7.4 derivation of American firm’s reaction curve          

7.5 Cournot equilibrium            

7.6 pro-competitive gains from trade Food cou mon opt       ppf Manufactures

7.7 reciprocal dumping price demand monopoly pmon prec MRrec MRmon monopoly pmon prec reciprocal dumping Tc c B A qmon qAA qrec quantity imports = qBA profits in autarky foreign profits with trade increase consumer surplus with trade -/- net welfare effect domestic profits with trade

7.8 trade and welfare in the reciprocal dumping model

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