How Robust is Comparative Advantage?
نویسندگان
چکیده
منابع مشابه
How successful is Medicare Advantage?
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متن کاملComparative Advantage and Competitive Advantage:
There is a considerable amount of controversy about the model(s) of comparative advantage and its applicability to international business, in particular as a guide to the success of nations and/or firms in international markets. This perception (or understanding) of inapplicability of the model(s) of comparative advantage has lead international business experts to develop new models, or what ma...
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131 T he aCaDeMiC Debate on the DeMoCratization of expertise has reached the level of public politics. The U.S. National Research Council, in its study Understanding Risk (Stern and Fineberg 1996), has suggested “collaborative analysis” as a method adding deliberation to risk analysis and risk evaluation, thus opening advisory processes to broader participation. The British House of Lords Selec...
متن کاملThediscoveryof Comparative Advantage
Thus Jacob Viner (1937, p. 442) balanced the claims of E. R. A. Seligman for Robert Torrens against those of J. H. Hollander for David Ricardo. Lionel Robbins (1958) found rather more in Torrens, and J. Chipman (1965) also made much of his contribution. W. O. Thweatt (1976) made a small sensation when he attributed Ricardo’s formulation to James Mill, regarded only as a popularizer of Ricardo’s...
متن کاملEndogenous Comparative Advantage∗
A stylized model of trade between identical countries is developed, where the only departure from standard neoclassical theory is that worker skills are imperfectly observable. This creates an informational externality since firms take aggregate investments into consideration when making inference about individual workers. The interaction between the informational externality and price effects ...
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2005
ISSN: 0965-7576,1467-9396
DOI: 10.1111/j.1467-9396.2005.00552.x