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Efficient Specialization in Ricardian Production

Author

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  • Richter, Wolfram F.
  • Rosenmüller, Joachim

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.

Suggested Citation

  • Richter, Wolfram F. & Rosenmüller, Joachim, 2010. "Efficient Specialization in Ricardian Production," Ruhr Economic Papers 230, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    • Handle: RePEc:zbw:rwirep:230
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    Cited by:

    1. Gabriel Felbermayr & Gabriel J. Felbermayr, 2017. "Ricardo and New Quantitative International Trade Theory," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(18), pages 23-24, September.
    2. Rosenmüller, Joachim, 2019. "Cephoids. Minkowski Sums of DeGua Simplices. Theory and Applications," Center for Mathematical Economics Working Papers 629, Center for Mathematical Economics, Bielefeld University.
    3. Wolfram F. Richter, 2017. "Efficient Specialisation in Ricardian Production: What Can the Example of Cloth and Wine Teach Us?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(18), pages 21-22, September.

    More about this item

    Keywords

    Ricardian trade; efficient specialization; comparative cost; cephoids; deGua simplexes;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General

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