A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2003; you can also visit the original URL.
The file type is application/pdf.
Vertical Product Differentiation and the Value of Time
1998
International economic journal
Preserved Fulltext
The paper presents a model of international trade in goods that are ranked by quality. The model differs from existing theories of trade under vertical product differentiation in several ways. The main difference is in the way quality is modeled. But this paper also has different positive implications for the pattern of trade and it provides a theoretical explanation for Leontief Paradox-type empirical findings. The model indicates that several of the most important empirical challenges faced
doi:10.1080/10168739800000032
fatcat:e437w6zapjhblnfnnsrkjwqljy