Deardorff, Alan V - Research Seminar in International Economics, University … - 2004
When there are costs of trade, such as transport or other costs, the pattern of trade may not be well described by the …. Instead, a better comparison takes into account the costs of trade. This paper shows first, in an example, how trade patterns … can vary with costs of trade. It then provides restatements of the Law of Comparative Advantage, first in a Ricardian …