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CHAPTER 1: Comparative Advantage and the Assignment Problem
Originally published in Richard Caves and Ronald Jones, World Trade and Payments, Edition 3, (1981).
https://doi.org/10.1142/9789813200678_0001Cited by:0 (Source: Crossref)
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…
