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- W1844902296 abstract "The classical case of comparative advantage is put into a new formal framework,that is, the behavioral axioms of standard economics are replaced bya set of structural axioms. This enables a comprehensive analysis that takesthe effects on income and profit explicitly into account. The axioms in combination with the conditions of market clearing, budget balancing and initialzero profit determine all measurable variables objectively. It is the purposeof the present paper to formally restate the notion of comparative advantageand to ascertain whether this leads to a well-grounded new perspective on thistime-honored doctrine." @default.
- W1844902296 created "2016-06-24" @default.
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- W1844902296 date "2011-01-01" @default.
- W1844902296 modified "2023-09-25" @default.
- W1844902296 title "Trade, Productivity, Income, and Profit: The Comparative Advantage of Structural Axiomatic Analysis" @default.
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- W1844902296 doi "https://doi.org/10.2139/ssrn.1970895" @default.
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