A comprehensive look at the Factor Price Equalization theorem within the Heckscher–Ohlin model, detailing how international trade impacts factor prices across countries and aiming for an equalization in an ideal scenario.
An in-depth exploration of the prices of services of factors of production including labour, land, and capital. Examining the implications of competitive equilibrium and non-competitive markets.
The Stolper-Samuelson Theorem explains the relationship between factor prices and output prices, predicting that trade liberalization benefits the abundant factor and harms the scarce factor.
