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Scholarship@Western
Research . 1984
Journal of Political Economy
Article . 1985 . Peer-reviewed
Data sources: Crossref
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A Rehabilitation of Absolute Advantage

Authors: MacDonald, Glenn M; Markusen, James R;

A Rehabilitation of Absolute Advantage

Abstract

This paper considers the question of how optimal assignments depend on the endowed traits of economic agents. Its most useful point is that the absolute levels of these traits, in conjunction with technology, always determine the structure of efficient allocations. Only under very special circumstances do summary measures of the strycture of traits, such as comparative advantage, succeed in performing this function unless they do so tautologically.

Country
Canada
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Keywords

Economics

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    13
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
13
Average
Top 10%
Average
Green
bronze