Accession Number : AD0623885

Title :   VARIABLE RETURNS TO SCALE IN GENERAL EQUILIBRIUM THEORY.

Descriptive Note : Technical rept.,

Corporate Author : STANFORD UNIV CALIF INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES

Personal Author(s) : Jones,Ronald W.

Report Date : 22 NOV 1965

Pagination or Media Count : 26

Abstract : The validity of two standard theorems in the pure theory of international trade (the Stolper-Samuelson theorem and the Rybczynski theorem) is examined in a competitive general equilibrium model where external economies and/or diseconomies are introduced. Either theorem may be invalidated when there exist sufficiently strong external economies or if external effects are sufficiently 'biased'. These findings are related to the shape of the community's production-possibilities schedule, which can be 'bowed-in' even in the absence of external economies. (Author)

Descriptors :   (*ECONOMICS, THEORY), (*COMMERCE, ECONOMICS), FACTOR ANALYSIS, INDUSTRIAL PRODUCTION, CONSUMPTION, MODEL THEORY

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE