This paper reports the results of a new test of the Leontief-Trefler hypothsis that factor-augmenting international productivity differences explain most of the cross-country variation in factor prices.

This paper investigates time consistent preferences where the strategy space consists of a stopping time, and decision-maker also acts under uncertainty. Despite the requirement of identical vNM preferences, it is shown that in addition to the e xponential discounting class identified by Strotz...