Factor-Price Equalization by Trade in Joint and Non-joint Production.

B-Tier
Journal: Review of International Economics
Year: 1992
Volume: 1
Issue: 1
Pages: 1-9

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Sans joint products, relative factor prices do determine relative goods prices. Free trade in goods thus can hope to equalize factor returns when this relationship is monotone and therefore uniquely reversible. However, when joint production obtains, often the same relative factor prices can entail an infinity of relative goods prices depending upon the composition of tastes and demand. In consequence, trade's equalization of goods prices is compatible with factor-returns inequality. Generic and singular relationships are described. Copyright 1992 by Blackwell Publishing Ltd.

Technical Details

RePEc Handle
repec:bla:reviec:v:1:y:1992:i:1:p:1-9
Journal Field
International
Author Count
1
Added to Database
2026-01-29