Ruhr Economic Papers

Ruhr Economic Papers #230

Efficient Specialization in Ricardian Production

by Wolfram F. Richter and Joachim Rosenm├╝ller

TU Dortmund, 12/2010, 16 S./p., 8 Euro, ISBN 978-3-86788-262-0

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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.

JEL-Classification: F10

Keywords: Ricardian trade; efficient specialization; comparative cost; cephoids; deGua simplexes

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