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The Lens Condition with Two Factors

Author

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  • Kwan Koo Yun
  • Siu-kee Wong

Abstract

We give a simple, constructive proof that the lens condition implies the factor-price equalization condition, when there are only two factors. Taking stock of the sufficient conditions under which the lens condition implies the FPE condition, we have the conditions of two factors or two goods or two countries or the condition that the rank of the factor-use matrix is equal to the number of goods. We show that in an essential sense, there are no other such conditions.

Suggested Citation

  • Kwan Koo Yun & Siu-kee Wong, 2001. "The Lens Condition with Two Factors," Discussion Papers 01-08, University at Albany, SUNY, Department of Economics.
  • Handle: RePEc:nya:albaec:01-08
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    File URL: http://www.albany.edu/economics/research/workingp/2001/KYun.pdf
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    References listed on IDEAS

    as
    1. Demiroglu, Ufuk & Koo Yun, Kwan, 1999. "The lens condition for factor price equalization," Journal of International Economics, Elsevier, vol. 47(2), pages 449-456, April.
    2. Xiang, Chong, 2001. "The sufficiency of the 'lens condition' for factor price equalization in the case of two factors," Journal of International Economics, Elsevier, vol. 53(2), pages 463-474, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Lens Condition; Factor Price Equalization;

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade

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