Social and Behavioral Sciences Commons^™

On Models Of Commercial Fishing: The Traditional Literature Needs No Defenders, Vernon L. Smith

Economics Faculty Articles and Research

Examines the models of commercial fishing. Representation of the variable K as a measure of crowding externality in the cost function; Change of the degree of fishing pressure without changing the variable K; Modification of the output of firms by varying the inputs.

The Heckscher-Ohlin Theorem In The Multi-Commodity Case, Jagdish N. Bhagwati

Faculty Scholarship

Ronald Jones, in his seminal paper (1957) on Heckscher-Ohlin theory, has argued that, for the case of two countries, two factors, and several commodities, the Heckscher-Ohlin theorem would remain valid in the following weak sense: "Ordering the commodities with respect to the capital-labor ratios employed in production is to rank them in order of comparative advantage. Demand conditions merely determine the dividing line between exports and imports; it is not possible to break the chain of comparative advantage by exporting, say, the third and fifth commodities and importing the fourth when they are ranked by factor intensity" (p. 85).

It …

Book Review. The Effectiveness Of International Decisions And Foreign Development Lending -- Legal Aspects, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.