An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparartive Advantage

Wenli Cheng (), J.D. Sachs and Xiaokai Yang

Working Papers from Chicago - Graduate School of Business

Abstract: In the paper we introduce technological comparative advantage and transaction costs into the Heckscher-Olin (HO) model and refine the HO theorem, the Stolper-Samuelson theorem, the Rybczynski theorem, and factor equalization theorem. The refined core theorems can be used to accommodate recent empirical evidence that is at odds with the core theorems.

Keywords: TRADE (search for similar items in EconPapers)
JEL-codes: F10 F11 (search for similar items in EconPapers)
Date: 1999

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Working Paper: An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage (1999)
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