Chapter 6 Something New for Something Old: Reflections on a Model with Three Factors and Two Goods

Abstract

Regardless of extent of substitutability and complementarity in a conventional general equilibrium model with three factors and two sectors, there is no possibility that factor rewards of the extreme factors will reverse their ranking in response to a change in relative prices.

Citation

Easton, S.T. (2008), "Chapter 6 Something New for Something Old: Reflections on a Model with Three Factors and Two Goods", Marjit, S. and Yu, E.S.H. (Ed.) Contemporary and Emerging Issues in Trade Theory and Policy (Frontiers of Economics and Globalization, Vol. 4), Emerald Group Publishing Limited, Leeds, pp. 111-123. https://doi.org/10.1016/S1574-8715(08)04006-2