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| Author: | Demiroglu, U. Yun, K. |
| Title: | The lens condition for factor price equalization |
| Journal: | Journal of International Economics
1999 : APR, VOL. 47:2, p. 449-456 |
| Index terms: | PRICES EQUALITY ECONOMICS |
| Language: | eng |
| Abstract: | Deardoff (1994) provides a condition that is necessary for factor price equalization across countries. This is a generalization of the condition that "country endowments should lie in the diversification cone" from the standard 2*2*2 Heckscher-Ohlin model to the case of many goods, countries and factors. He also shows that this condition is sufficient in the case of two countries and conjectures that the sufficiency might hold in general. |
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