How Likely Is Factor Price Equalization?

Research output: Working paper › Research

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How Likely Is Factor Price Equalization? / Hansen, Bodil O.; Keiding, Hans.

Department of Economics, University of Copenhagen, 2008.

Research output: Working paper › Research

Harvard

Hansen, BO & Keiding, H 2008 'How Likely Is Factor Price Equalization?' Department of Economics, University of Copenhagen.

APA

Hansen, B. O., & Keiding, H. (2008). How Likely Is Factor Price Equalization? Department of Economics, University of Copenhagen.

Vancouver

Hansen BO, Keiding H. How Likely Is Factor Price Equalization? Department of Economics, University of Copenhagen. 2008.

Author

Hansen, Bodil O. ; Keiding, Hans. / How Likely Is Factor Price Equalization?. Department of Economics, University of Copenhagen, 2008.

Bibtex

@techreport{04249fd0079a11ddbee902004c4f4f50,
title = "How Likely Is Factor Price Equalization?",
abstract = "The idea of treating factor price equalization as a situation, where the distribution of factors among countries is compatible with an equilibrium in an integrated world economy, has been refined to give the so-called lens condition for factor price equalization. In this paper, we show that the lens condition may be used to give estimates for the probability of factor price equalization when factors are distributed randomly among countries and, in addition, the techologies are sampled according to a given probability distribution. The estimates indicate that factor price equalization may occur less often than intuitively conceived",
keywords = "Faculty of Social Sciences, international trade, lens condition",
author = "Hansen, {Bodil O.} and Hans Keiding",
note = "JEL classification: F11",
year = "2008",
language = "English",
publisher = "Department of Economics, University of Copenhagen",
address = "Denmark",
type = "WorkingPaper",
institution = "Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - How Likely Is Factor Price Equalization?

AU - Hansen, Bodil O.

AU - Keiding, Hans

N1 - JEL classification: F11

PY - 2008

Y1 - 2008

N2 - The idea of treating factor price equalization as a situation, where the distribution of factors among countries is compatible with an equilibrium in an integrated world economy, has been refined to give the so-called lens condition for factor price equalization. In this paper, we show that the lens condition may be used to give estimates for the probability of factor price equalization when factors are distributed randomly among countries and, in addition, the techologies are sampled according to a given probability distribution. The estimates indicate that factor price equalization may occur less often than intuitively conceived

AB - The idea of treating factor price equalization as a situation, where the distribution of factors among countries is compatible with an equilibrium in an integrated world economy, has been refined to give the so-called lens condition for factor price equalization. In this paper, we show that the lens condition may be used to give estimates for the probability of factor price equalization when factors are distributed randomly among countries and, in addition, the techologies are sampled according to a given probability distribution. The estimates indicate that factor price equalization may occur less often than intuitively conceived

KW - Faculty of Social Sciences

KW - international trade

KW - lens condition

M3 - Working paper

BT - How Likely Is Factor Price Equalization?

PB - Department of Economics, University of Copenhagen

ER -

ID: 3607201