Exchange and Specialisation as a Discovery Process a
Exchange and Specialisation as a Discovery Process a
复制标题
交流和专业化作为发现过程
DOI:
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发表时间:
2009
期刊:
影响因子:
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通讯作者:
B. Wilson
中科院分区:
文献类型:
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作者:
Sean Crockett;V. Smith;B. Wilson
In this paper we seek to identify some minimal structure necessary to support exchange and specialization. We develop a closed economy in which participants must even discover the ability to exchange, in addition to ascertaining what they are comparatively good at producing. As it turns out, many people demonstrate the ability to intuit comparative advantage, exhaust gains from trade, and effectively choose production that is consistent with the choices of others. However, not everyone becomes a specialist, even though full efficiency can only be achieved if everyone does so. Near-full efficiency does frequently occur bilaterally in these economies. That is, many subjects do fully specialize in the productive activity in which they have a comparative advantage, and when they do so it is typically because they have entered a stable trading relationship with a specialist in the other good. Such pairing does not necessarily give impetus to the formation of other pairs, nor are pairs typically open to the inclusion of a third party.