Topic
Factor price
About: Factor price is a research topic. Over the lifetime, 2764 publications have been published within this topic receiving 86176 citations.
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TL;DR: In this article, the sensitivity of the comparative static elasticities of a general equilibrium model of production to factor intensity and factor substitution was examined, and it was shown that factor intensity influences the comparative statics more than factor substitution.
Abstract: This paper examines the sensitivity of the comparative static elasticities of a general equilibrium model of production to factor intensity and factor substitution. A model of the US economy is specified with three factors and two goods. Changing factor endowments have consistently inelastic effects on factor prices. Prices of goods, however, have elastic effects on factor prices, and factor endowments have elastic effects on outputs. Factor intensity influences the comparative statics more than factor substitution. Under a move toward free trade characterized by a falling price of manufactures relative to services, the wage of unskilled labor falls while the wage of skilled labor and the price of capital rise.
24 citations
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TL;DR: A myriad of rules and regulations developed (in the case of the United States) by both the Internal Revenue Service as well as the Customs Service deal with these valuations.
Abstract: Currently over one-third of U.S. trade in goods takes place between related parties. The valuation of these goods has been subject to much controversy and criticism over the years, as companies have been accused of over or under valuing these goods in order to minimize business taxes and/or import duties. A myriad of rules and regulations developed (in the case of the United States) by both the Internal Revenue Service as well as the Customs Service deal with these valuations. For the purpose of calculating the
24 citations
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TL;DR: Interestingly, a price to pay that you really wait for now is coming, it's significant to wait for the representative and beneficial books to read.
Abstract: Interestingly, a price to pay that you really wait for now is coming. It's significant to wait for the representative and beneficial books to read. Every book that is provided in better way and utterance will be expected by many peoples. Even you are a good reader or not, feeling to read this book will always appear when you find it. But, when you feel hard to find it as yours, what to do? Borrow to your friends and don't know when to give back it to her or him.
23 citations
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TL;DR: In this paper, the role of trade composition in the transmission of external price disturbances is investigated and it is shown that the effects of an increase in the price of imports on domestic prices and the trade balance depend on the cross price elasticity of demand and substitution between factors in the case of intermediate goods.
23 citations