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The Heckscher-Ohlin Model: Features, Flaws, and Fixes I: What's the H-O Model Like?

The Heckscher-Ohlin Model: Features, Flaws, and Fixes I: What's the H-O Model Like?. Alan V. Deardorff University of Michigan. Themes of the 3 Lectures. The HO Model is largely well behaved in 2 dimensions, even when you include trade costs

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The Heckscher-Ohlin Model: Features, Flaws, and Fixes I: What's the H-O Model Like?