Completing the internal market in the European Community

Smith, Alasdair; Venables, Anthony J.

doi:10.1016/0014-2921(88)90113-4

Cited by 278 publications

(138 citation statements)

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“…We assume in the manner of Smith and Venables (1988) and Venables (1988) and Norman (1989Norman ( .1990) and assume that the subutility function of the products of the industry concerned can in each market be specified as a CES function. This utility function is identified as the quantity index and the corresponding price index is then also of the CES form.…”

Section: The Case Of An Industry Producing Imperfect Substitutesmentioning

confidence: 99%

“…to analyse the effects of European integration, by e.g. Venables (1987), Smith and Venables (1988) and Norman (1989Norman ( ,1990)1). In the literature the empirical specification of the effective trade barriers has, however, received only limited attention, even though it is a basic element influencing our view on the nature of the international trade in the industry concerned and also on the potential for trade policy.…”

Section: Introductionmentioning

confidence: 99%

“…The empirical calibrations of the mode Is of international trade, see Smith and Venables (1988) and Norman (1989), have encountered the difficulty of identifying the trade barrier terms apart from the shift parameters of the dem and functions for products of different origin, which give rise to price differentials and differences in market shares between the various producers. We illustrate how essentially these price differentials influence our understanding of the -3 -level of existing trade barriers.…”

Section: Introductionmentioning

confidence: 99%

“…As mentioned, the structure of production costs within an export industry can also be analyzed from data on export market shares, and this is done in section 5. In section 6 we carry out a numerical illustrations of the method developed in the paper applied to the material studied by Norman (1990) and by Smith and Venables (1988). Section 7 concludes.…”

Section: Introductionmentioning

confidence: 99%

“…Also previous research to which we are mainly referring. namely Smith and Venables (1988) and Norman (1989), have taken recourse to the assumption of market segmentation. Like these studies, the conjectural variation parameter h is also taken to be the same in each market.…”

mentioning

confidence: 99%

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The Identification of Barriers to International Trade Under Imperfect Competition

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1996

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Section: The Case Of An Industry Producing Imperfect Substitutesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

See 3 more Smart Citations

The Identification of Barriers to International Trade Under Imperfect Competition

Alho¹

1996

The Economics and Policies of Integration — A Finnish Perspective

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Endogenous Markups, Intensity of Competition, and Persistence of Business Cycles

Zhang

2007

Southern Economic Journal

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In order to study the propagation mechanism of business cycles, in particular to investigate how the intensity of competition affects market structure and output persistence over business cycles, this paper presents a real business‐cycle model with imperfect competition and increasing returns to scale. This analysis considers the markups of price over cost to be endogenous. With endogenous markups, two standard forms of oligopolistic competition—Bertrand and Cournot—are considered. Results show that: (1) the propagation mechanism in the sense of output persistence is greater under Cournot; (2) the propagation mechanism is unequivocally greater with imperfect competition, regardless of whether markups are endogenous or not; and (3) under imperfect competition, the propagation mechanism is greater with endogenous markups than with exogenous markups. Overall, these results suggest that more intense competition produces lower persistence in output growth and, thus, a weaker propagation mechanism. In a calibration exercise, these differences were also found to be quantitatively important.

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Economic Integration and the Welfare of Those Who Are Left Behind: An Incentive-Theoretic Approach

Goto

Hamada

1998

Journal of the Japanese and International Economies

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Completing the internal market in the European Community

Cited by 278 publications

References 17 publications

The Identification of Barriers to International Trade Under Imperfect Competition

The Identification of Barriers to International Trade Under Imperfect Competition

Endogenous Markups, Intensity of Competition, and Persistence of Business Cycles

Economic Integration and the Welfare of Those Who Are Left Behind: An Incentive-Theoretic Approach

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