On Seemingly Perverse Rybczynski Adjustments in Stable Equilibria

11 Pages Posted: 8 Oct 2005

See all articles by Reiner Wolff

Reiner Wolff

University of Fribourg (Switzerland)

Andreas Pfingsten

University of Münster - Finance Center Münster

Date Written: May 8, 2002

Abstract

For a small open economy with decreasing returns to scale within industries, increasing any factor supply may increase all sector outputs. A necessary and sufficient condition for these seemingly perverse Rybczynski adjustments may even be satisfied for stable equilibria.

Keywords: Rybczynski theorem, stable equilibrium, decreasing returns to scale

JEL Classification: D50, F11

Suggested Citation

Wolff, Reiner and Pfingsten, Andreas, On Seemingly Perverse Rybczynski Adjustments in Stable Equilibria (May 8, 2002). Available at SSRN: https://ssrn.com/abstract=812684 or http://dx.doi.org/10.2139/ssrn.812684

Reiner Wolff

University of Fribourg (Switzerland) ( email )

Fribourg, CH 1700
Switzerland

Andreas Pfingsten (Contact Author)

University of Münster - Finance Center Münster ( email )

Universitätsstr. 14-16
Muenster, D-48143
Germany

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