Necessary and Sufficient Conditions for Factor Price Equalization.
Although models with factor price equalization are used frequently in both theoretical and applied research in international economics, only sufficient conditions for factor price equalization have been presented in the literature. In this paper, the authors present necessary and sufficient conditio...
| Autors principals: | , , |
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| Format: | Journal article |
| Idioma: | English |
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1993
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| _version_ | 1826305627278802944 |
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| author | Blackorby, C Schworm, W Venables, A |
| author_facet | Blackorby, C Schworm, W Venables, A |
| author_sort | Blackorby, C |
| collection | OXFORD |
| description | Although models with factor price equalization are used frequently in both theoretical and applied research in international economics, only sufficient conditions for factor price equalization have been presented in the literature. In this paper, the authors present necessary and sufficient conditions for factor price equalization under quite general assumptions about the technologies of different countries. The necessary and sufficient conditions they derive are consistent with joint production, decreasing returns to scale, and substantive differences in the technologies and endowments of different countries. The authors' results enable them to reconcile the classical approach and the integrated equilibrium approach to factor price equalization. |
| first_indexed | 2024-03-07T06:35:42Z |
| format | Journal article |
| id | oxford-uuid:f78e739e-9990-489a-9529-b0cfd8b40c0c |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:35:42Z |
| publishDate | 1993 |
| record_format | dspace |
| spelling | oxford-uuid:f78e739e-9990-489a-9529-b0cfd8b40c0c2022-03-27T12:43:31ZNecessary and Sufficient Conditions for Factor Price Equalization.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:f78e739e-9990-489a-9529-b0cfd8b40c0cEnglishDepartment of Economics - ePrints1993Blackorby, CSchworm, WVenables, AAlthough models with factor price equalization are used frequently in both theoretical and applied research in international economics, only sufficient conditions for factor price equalization have been presented in the literature. In this paper, the authors present necessary and sufficient conditions for factor price equalization under quite general assumptions about the technologies of different countries. The necessary and sufficient conditions they derive are consistent with joint production, decreasing returns to scale, and substantive differences in the technologies and endowments of different countries. The authors' results enable them to reconcile the classical approach and the integrated equilibrium approach to factor price equalization. |
| spellingShingle | Blackorby, C Schworm, W Venables, A Necessary and Sufficient Conditions for Factor Price Equalization. |
| title | Necessary and Sufficient Conditions for Factor Price Equalization. |
| title_full | Necessary and Sufficient Conditions for Factor Price Equalization. |
| title_fullStr | Necessary and Sufficient Conditions for Factor Price Equalization. |
| title_full_unstemmed | Necessary and Sufficient Conditions for Factor Price Equalization. |
| title_short | Necessary and Sufficient Conditions for Factor Price Equalization. |
| title_sort | necessary and sufficient conditions for factor price equalization |
| work_keys_str_mv | AT blackorbyc necessaryandsufficientconditionsforfactorpriceequalization AT schwormw necessaryandsufficientconditionsforfactorpriceequalization AT venablesa necessaryandsufficientconditionsforfactorpriceequalization |