English auctions and the Stolper-Samuelson theorem

Comparative Statics, English Auctions, and the Stolper-samuelson Theorem

We introduce a comparative-statics observation; we prove that the English auction is efficient in a model with interdependent valuations and n bidders; we generalize the StolperSamuelson Theorem to the case of more than 2 goods and factors of production and to non-square economies; and we illustrate how our comparative-statics observation is behind those seemingly unrelated economic proposition...

Can the Stolper-Samuelson Theorem explain relative wage movements? Evidence from Mexico

Rising wage inequality and increasing international trade have renewed interest in the empirical relevance of the Stolper-Samuelson theorem. Although a brilliant theoretical accomplishment, the Stolper-Samuelson theorem has received little empirical support. U.S. studies have generated mixed results partially because prices are endogenous in a large country. This paper examines the link between...

A Generalisation of the Stolper- Samuelson Theorem with Diversified Households: a Tale of Two Matrices

Past attempts to generalise the Stolper-Samuelson Theorem have used a matrix of real income terms which is sufficient but not necessary to define a change in utility. In contrast, one can define a second matrix of terms which are necessary and sufficient for a change in indirect utility. Using this matrix, the paper presents an extension of the Stolper-Samuelson Theorem to a model of any dimens...

Protection and Real Wages: The Stolper-Samuelson Theorem

Does the Stolper-Samuelson Theorem Hold With Less Trade Distortion? : A Computable General Equilibrium Model Approach

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