PERFECT SUBSTITUTES: A NOTE ON THE ALCHIAN-ALLEN HYPOTHESIS

Alexander Vedrashko and Vincent H. Smith

No 29245, Research Discussion Papers from Montana State University, Department of Agricultural Economics and Economics, Trade Research Center

Abstract: Alchian and Allen hypothesized that a country will export high rather than low quality goods. Here we show that if the inherent attributes of the commodities are identical the country will only export the high-quality good.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 11
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:motrdp:29245

DOI: 10.22004/ag.econ.29245

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