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