Cremers, Emily T.; Sen, Partha - Centre for Development Economics, Delhi School of Economics - 2005
) terms of trade always works in favor of a transfer paradox. The conditions under which the transfer paradox is obtained are …
Walrasian stability, we demonstrate that the change in the (static) terms of trade always
works in favor of a transfer paradox …. The conditions under which the transfer paradox is
obtained are independent of factor intensity rankings and also whether …