Comparative Advantage and the Assignment Problem

Ronald Jones

Chapter 1 in International Trade Theory and Competitive Models:Features, Values, and Criticisms, 2018, pp 7-14 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Because the Ricardian trade model has such a simple production structure — each commodity produced only with labor at fixed coefficients — it is ideally suited to the analysis of production assignments in a world with many countries and commodities. The concept of the world transformation schedule provides the focus for our discussion here of comparative advantage in the more general case…

Keywords: International Trade Theory; Models; Competitive Markets (search for similar items in EconPapers)
JEL-codes: R10 (search for similar items in EconPapers)
Date: 2018
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