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Persistent link: https://www.econbiz.de/10005370763
We give a geometric interpretation of the lens condition, proposed by Deardorff as a shortcut for checking the factor price equalization (FPE) condition. We identify the conditions under which the lens condition implies the FPE condition. If the FPE zone is not a neighborhood of the diagonal...
Persistent link: https://www.econbiz.de/10005596811