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Rybczynski theorem (Fl)<br />The effect on production, consumption and the TERMS oF TRADE of an increase in the quantity of one factor of production. As the same rates of substitution in
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Sharpe, William, 1934- (B3)<br />Educated at the University of California, Los Angeles, and professor of economics at Stanford University since 1970. He has developed the CAPITAL ASSET PRICING MODEL to examine portfolio risk into its systematic and unsystematic elements. In 1990 he shared the NOBEL PRIZE FOR ECONOMICS with MARKOVITZ and MILLER.<br /><em>See also:</em> beta
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