On the existence and characterization of unequal exchange in the free trade equilibrium

Naoki Yoshihara () and Soh Kaneko ()
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Soh Kaneko: Keio University

No SDES-2015-3, Working Papers from Kochi University of Technology, School of Economics and Management

Abstract: As in Roemer (1982, chapter 1), this paper considers a Marxian Heckscher-Ohlin model of subsistence international economies with a simple Leontief production technique and examines the existence and characterization of free trade equilibria involving the unequal exchange of labor (UEL). The paper provides an almost complete characterization of the domain of economies in which free trade equilibria with incomplete specialization exist. Moreover, the necessary and sufficient condition for a free trade equilibrium to involve UEL is identified.

Keywords: Unequal exchange of labor; Marxian Heckscher-Ohlin international economies; international division of labor (search for similar items in EconPapers)
JEL-codes: D51 D63 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2015-01, Revised 2015-01
New Economics Papers: this item is included in nep-hme and nep-int
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Published in SDE Series, January 2015, pages 1-29

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http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2015-3.pdf First version, 2015 (application/pdf)

Related works:
Journal Article: On the Existence and Characterization of Unequal Exchange in the Free Trade Equilibrium (2016)
Working Paper: On the Existence and Characterization of Unequal Exchange in the Free Trade Equilibrium (2016)
Working Paper: On the Existence and Characterization of Unequal Exchange in the Free Trade Equilibrium (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:kch:wpaper:sdes-2015-3

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