English, Article edition: OUTPUT SET, CONVEXITY, SPECIALIZATION AND TRADE IN THE ABSENCE OF COMPARATIVE ADVANTAGES SHUNTIAN YAO

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/83496
Physical Description
  • article
Language
  • English

Edition details

Title
  • OUTPUT SET, CONVEXITY, SPECIALIZATION AND TRADE IN THE ABSENCE OF COMPARATIVE ADVANTAGES
Author
  • SHUNTIAN YAO
Physical Description
  • article
Notes
  • Classical trade theory is based on exogenous comparative advantage. The existence of equilibrium is derived under the assumption that the output sets are (weakly) convex. In general, however, in the presence of transaction costs or in the case of production techniques with increasing returns to scale, this convexity requirement is no longer satisfied, and the comparative advantage may also disappear.Pioneered by Arrow, Ng and Yang, some researches have been done on specialization and trade in the absence of comparative advantages, and the basic assumption is that the agents have production techniques with increasing returns to scale.In this paper it is pointed out that, with more than one factor of production, increasing returns to scale is no longer sufficient for promoting specialization and trade. Based on the property of the output set and the PPF, the author proposes some new criteria as sufficient conditions for the promotion of specialization and trade.
  • Specialization, increasing returns, concave, convex, semi-convex
  • RePEc:wsi:dltcxx:v:02:y:2006:i:01:p:15-35
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment