Increasing Returns to Scale Free Trade, and Factor Mobility: A Note on Equilibrium.

Authors :: Henderson, J. Vernon
Source :: Canadian Journal of Economics; May72, Vol. 5 Issue 2, p293, 6p, 2 Graphs
Publication Year :: 1972
Abstract: Comments on an article on increasing returns to scale as a determinant of trade in the August 1969 issue of the periodical 'Canadian Journal of Economics.' Opinion on the role of factor mobility and increasing returns to scale; Distinction between absolute and relative factor prices; Views on welfare aspects of equilibrium.

Subjects :: BUSINESS
ECONOMIES of scale
ECONOMIC equilibrium
WELFARE economics

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