Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/189021 
Year of Publication: 
1971
Series/Report no.: 
Queen's Economics Department Working Paper No. 34
Publisher: 
Queen's University, Department of Economics, Kingston (Ontario)
Abstract: 
This paper is in one sense the analysis of a particular case of the Hadley and Kemp model (described in the paper). We shall focus on two region or country trade with two orthodox commodities plus a produced transport commodity. We will observe that balance of payments disequilibrium is a general result with trade with endogenous transport costs and finally that reductions in transport costs may not result in factor prices moving closer together.
Document Type: 
Working Paper

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