Monopoly, Tariffs and Subsidies.

International trade theory usually assumes perfect competition, this being one of the more glaring of its deficiencies. This article is a limited attempt to explore some implications of assuming increasing returns and monopoly in an import-competing industry. The approach is subject to all the usual...

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Bibliographic Details

Published in:	Economica Vol. 34; no. 133; pp. 50 - 59
Main Author:	Corden, W. M.
Format:	Article
Published:	Wiley-Blackwell Feb67
Subjects:	Monopolistic competition Demand function Profit maximization Profitability Corporate profits Tariff Subsidies
Online Access:	View this record in EBSCOhost