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Perfect Substitutes: A Note On The Alchian-Allen Hypothesis

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  • Vedrashko, Alexander
  • Smith, Vincent H.

Abstract

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.

Suggested Citation

  • Vedrashko, Alexander & Smith, Vincent H., 1998. "Perfect Substitutes: A Note On The Alchian-Allen Hypothesis," Research Discussion Papers 29245, Montana State University, Department of Agricultural Economics and Economics, Trade Research Center.
    • Handle: RePEc:ags:motrdp:29245
    DOI: 10.22004/ag.econ.29245
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    References listed on IDEAS

    as
    1. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    2. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    3. Umbeck, John, 1980. "Shipping the Good Apples Out: Some Ambiguities in the Interpretation of "Fixed Charge"," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 199-208, February.
    4. Borcherding, Thomas E & Silberberg, Eugene, 1978. "Shipping the Good Apples Out: The Alchian and Allen Theorem Reconsidered," Journal of Political Economy, University of Chicago Press, vol. 86(1), pages 131-138, February.
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