Search Results - subject:"Stolper–Samuelson theorem"

A generalisation of the Stolper-Samuelson theorem with diversified households : a tale of two matrices

Lloyd, Peter J. - 1998

Past attempts to generalise the Stolper-Samuelson Theorem have used a matrix of real income terms which is sufficient … and sufficient for a change in indirect utility. Using this matrix, the paper presents an extension of the Stolper-Samuelson … Theorem to a model of any dimension and to households which have diversified ownership of factors. The theorem states that …

Persistent link: https://www.econbiz.de/10011532431

The Lens Conditions for Factor Price Equalization

Demiroglu, Ufuk; Yun, Kwan Koo - 1998

Deardorff (1994) provides a condition that is necessary for factor price equalization across countries. That condition is a generalization of "country endowments contained in the diversification cone" from the standard 2x2x2 Hecksher-Ohlin model to the case of many goods, countries and factors....

Persistent link: https://www.econbiz.de/10014071929

What Are the Results of Product-Price Studies and What Can We Learn From Their Differences?

Slaughter, Matthew J. - 1998

applying the Stolper-Samuelson theorem to the data from which important methodological lessons can be learned. The second main …

Persistent link: https://www.econbiz.de/10012472219

Factor Prices and the Factor Content of Trade Revisited : What's the Use?

Deardorff, Alan V. - 1998

This paper examines the usefulness of a result of Deardorff and Staiger (1988), who showed that the factor content of trade can be interpreted under certain assumptions as indicating the nature of the factor price adjustments that can, in a specified sense, be attributed to that trade. This...

Persistent link: https://www.econbiz.de/10014055294