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Endogenous factor-commodity price structure by factor endowments.

Publication: International Advances in Economic Research
Publication Date: 01-NOV-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Endogenous factor-commodity price structure by factor endowments.(Brief Article)

Article Excerpt
This study demonstrates that the absolute factor price and commodity prices in the Heckscher-Ohlin model after trade can be determined by exogenous factor endowments under the assumption of the identical demand tastes or the identical homothetic preference.

Under the assumption of identical demand taste, the terms of trade can...

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