Fragility of Comparative Advantage in Higher Dimensions : An Experimental Investigation

Noussair et al (1995) invoked a trading environment similar to the 2 x 2 Ricardian model and observed the law of comparative advantage. In this experiment, we apply the same experimental setting but increase the number of goods and countries. We report an experiment to test a 3 x 3 Competitive Ricardian Model (CRM). The patterns of trade and output predicted by the law of comparative advantage are not observed evolving within the experimental markets

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Year of publication:	2006
Authors:	Nowbutsing, Baboo M.
Publisher:	[S.l.] : SSRN
Subject:	Komparativer Vorteil \| Comparative advantage \| Experiment \| Theorie \| Theory

Extent:	1 Online-Ressource (41 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.912492 [DOI]
Classification:	F11 - Neoclassical Models of Trade ; C92 - Laboratory; Group Behavior
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014057317