Equalisation of Factor Prices by Sufficiently Diversified Production Under Conditions of Balanced Demand

Paul Samuelson

Chapter 10 in International Trade and Finance, 1973, pp 213-219 from Palgrave Macmillan

Abstract: Abstract If we have two factors (‘labour and land’) and one good, the slightest geographical difference in factor endowments will make factor prices unequal. If a second good is added that differs not at all in factor intensities from the first, the same conclusion holds.

Keywords: Factor Intensity; International Trade; Factor Price; Factor Endowment; Factor Share (search for similar items in EconPapers)
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01269-5_11

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DOI: 10.1007/978-1-349-01269-5_11

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