Ruhr Economic Papers
Ruhr Economic Papers #230
Efficient Specialization in Ricardian Production
by Wolfram F. Richter and Joachim Rosenmüller
TU Dortmund, 12/2010, 16 S./p., 8 Euro, ISBN 978-3-86788-262-0download
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