@techreport{oai:shiga-u.repo.nii.ac.jp:00013963,
 author = {Sakai, Yasuhiro},
 issue = {No.E-12},
 month = {Jun},
 note = {Technical Report, The risk-free, two-sector, two-factor, constant-returns-to-scale model has long served as a standard model of international trade, with R. W. Jones and M.C. Kemp among others being its key promoters. The purpose of this chapter is to make an effort to extend the basic theorems of the standard model to cover new situations with price risk. The question to ask is whether and to what extent those results are still applicable to the world under risk. It is shown that when firms in the risky factor exhibit decreasing absolute risk aversion, the Rybczynski theorem and the Stolper-Samuelson theorem may fail to hold for some cases, whereas the factor price equalization theorem cannot carry over to the stochastic world. Besides, the implications of uniform (relative) changes in both factor endowments, and those in both (expected ) commodity prices, are also carefully investigated., Discussion Paper, Series E, No. E-12, pp. 1-34},
 title = {An International Trade Model under Risk : Comparative Static Analysis},
 year = {2021}
}