PERFECT SUBSTITUTES: A NOTE ON THE ALCHIAN-ALLEN HYPOTHESIS

Alchian and Allen hypothesized that a country will export high rather than low quality goods. Here we show that if the inherent attributes of the commodities are identical the country will only export the high-quality good.


Issue Date:
1998
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/29245
Total Pages:
11
JEL Codes:
F1
Series Statement:
Research Discussion Paper 22




 Record created 2017-04-01, last modified 2017-08-24

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