Efficient Specialization in Ricardian Production

Wolfram Richter and Rosenmüller Joachim
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Rosenmüller Joachim: TU Dortmund University,Dortmund, Germany

German Economic Review, 2012, vol. 13, issue 2, 117-126

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 specialization in the general case.

Keywords: Ricardian trade; efficient specialization; comparative cost; cephoids; deGua simplexes (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1111/j.1468-0475.2011.00544.x

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