The Heckscher-Ohlin-Samuelson Model with Implicit Contracts
在存在乘性生产不确定性和隐性劳动契约的世界中，检验了赫克歇尔-俄林-萨缪尔森模型的关键定理，发现雷布津斯基定理和赫克歇尔-俄林定理的数量版本仍然成立，但斯托尔珀-萨缪尔森定理可能不成立，并推导出要素价格均等化定理的强版本。
In a world with multiplicative production uncertainty and implicit labor contracts, we show that the Rybczynski theorem retains its validity; therefore the quantity version of the Heckscher-Ohlin theorem survives as well. We also show that the Stolper-Samuelson theorem may not hold. A small increase in the price of the capital-intensive good may benefit labor. We derive a strong version of the factor price equalization theorem that shows free trade tends to equalize sector-specific unemployment rates and sector-specific factor prices across countries. Finally, we relate trade patterns to international differences in the degree of risk aversion.