Efficient Specialization in Ricardian Production

Wolfram Richter and Joachim Rosenmüller

No 230, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

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.

Keywords: Ricardian trade; efficient specialization; comparative cost; cephoids; deGua simplexes (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2010
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Related works:
Journal Article: Efficient Specialization in Ricardian Production (2012)
Journal Article: Efficient Specialization in Ricardian Production (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:230

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