A Modified Heckscher-Ohlin Theorem under Quasi-Linear Utility Functions
AbstractConstructing a two-country, two-good, two-factor model of international trade under quasi-linear utility functions, we obtain a Modified Heckscher-Ohlin (MHO) Theorem that relates the trade pattern to the international distribution of factor endowments. We also show that the MHO Theorem survives imperfect competition and increasing returns.
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Bibliographic InfoPaper provided by Research Institute for Economics & Business Administration, Kobe University in its series Discussion Paper Series with number 145.
Length: 14 pages
Date of creation: Nov 2003
Date of revision:
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The Modified Heckscher-Ohlin Theorem; Quasi-linear utility function; Imperfect competition; Increasing returns to scale;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
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