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Effi cient Specialization in Ricardian Production

By Wolfram F. Richter and Joachim Rosenmüller

Abstract

It is well known that the analysis of efficient specialization in Ricardian production with many countries and many commodities cannot be broken down to the simple case of two countries and two commodities. By drawing on some recent results of convex geometry and the theory of cephoids, this paper characterizes efficient patterns of incomplete specialization in the general case.Ricardian trade; efficient specialization; comparative cost; cephoids; deGua simplexes

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Citations

  1. (2009). A value for cephoidal NTU–games,
  2. (1948). The theory of international values,

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