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Efficient Specialization in Ricardian Production

Author

Listed:
  • Richter Wolfram F.

    (TU Dortmund University,Dortmund, Germany)

  • Rosenmüller Joachim

    (TU Dortmund University,Dortmund, Germany)

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.

Suggested Citation

  • Richter Wolfram F. & Rosenmüller Joachim, 2012. "Efficient Specialization in Ricardian Production," German Economic Review, De Gruyter, vol. 13(2), pages 117-126, May.
    • Handle: RePEc:bpj:germec:v:13:y:2012:i:2:p:117-126
    DOI: 10.1111/j.1468-0475.2011.00544.x
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    Cited by:

    1. 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.
    2. Gabriel Felbermayr & Gabriel J. Felbermayr, 2017. "Ricardo und die neue quantitative Außenhandelstheorie," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(18), pages 23-24, September.
    3. Wolfram F. Richter, 2017. "Effiziente Spezialisierung in Ricardianischer Produktion: Was lehrt das Beispiel von Tuch und Wein?," 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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