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Economies of Scale and Imperfect Competition
[chapter]
2016
International Trade
The constant returns, perfectly competition paradigm is endemic to most neoclassical economywide modeling. While this is a natural consequence of the latter's origins, a narrow structural and behavioral reference framework can limit the applicability of these models. This is particularly true for economies replete with market imperfections and institutional failure such as those in the developing world. In terms of market conduct, however, even within and between OECD countries a large
doi:10.1142/9789814725088_0009
fatcat:lelpobjnuresrmwlueapcxwrli