A Modified Heckscher-Ohlin Theorem Under Quasilinear Utility Functions

Junko Doi, Kenji Fujiwara (), Toru Kikuchi and Koji Shimomura
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Junko Doi: Kansai University, Suita
Kenji Fujiwara: Kwansei Gakuin University

A chapter in International Trade and Economic Dynamics, 2009, pp 19-36 from Springer

Abstract: Constructing a two-country, two-good, two-factor model of international trade under quasilinear utility functions, we prove a modified Heckscher-Ohlin (MHO) theorem which relates trade patterns to the international distribution of factor endowments in a manner that has parallels with the standard HO theorem. The MHO theorem survives imperfect competition, increasing returns and externalities.

Keywords: Imperfect Competition; Trade Pattern; Factor Endowment; Free Entry; Perfect Competition (search for similar items in EconPapers)
Date: 2009
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Working Paper: A Modified Heckscher-Ohlin Theorem under Quasi-Linear Utility Functions (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-78676-4_5

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DOI: 10.1007/978-3-540-78676-4_5

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