scholarly journals Ricardo’s Law of Comparative Advantage and the Law of Association: A Subjective Analysis

2017 ◽  
Author(s):  
Er’el Granot
Keyword(s):  
Comparative Advantage ◽  
Subjective Analysis ◽  
The Law

A test of the law of comparative advantage, revisited

2011 ◽  
Vol 147 (4) ◽  
pp. 771-778 ◽  
Author(s):  
Kozo Kiyota
Keyword(s):  
Comparative Advantage ◽  
The Law

The Law of Comparative Advantage Without Social Utility Functions

1998 ◽  
Vol 6 (3) ◽  
pp. 401-406 ◽  
Author(s):  
Koji Shimomura ◽  
Kar‐yiu Wong
Keyword(s):  
Comparative Advantage ◽  
Utility Functions ◽  
Social Utility ◽  
The Law

The General Validity of the Law of Comparative Advantage

1980 ◽  
Vol 88 (5) ◽  
pp. 941-957 ◽  
Author(s):  
Alan V. Deardorff
Keyword(s):  
Comparative Advantage ◽  
General Validity ◽  
The Law

scholarly journals U.S. TRQs for Peanuts, Sugar, and Tobacco: Historical Allocation and Nondiscrimination

2000 ◽  
Vol 29 (1) ◽  
pp. 81-90 ◽  
Author(s):  
David Skully
Keyword(s):  
Law Enforcement ◽  
Market Share ◽  
Comparative Advantage ◽  
Pareto Optimization ◽  
Tariff Rate ◽  
Tariff Rate Quotas ◽  
The Law ◽  
The Difference ◽  
Tariff Equivalent

U.S. peanut, sugar, and tobacco tariff rate quotas (TRQs) are allocated to suppliers on an historical market share basis. Once allocated they become difficult to redistribute to accommodate changes in comparative advantage among suppliers. The distribution of trade departs increasingly from the tariff-equivalent distribution advocated by the WTO principle of nondiscrimination. Article ΧIII of the GATT regarding the rules for historical allocation is examined and applied to four cases of historical allocation: domestic tobacco quota and TRQs for peanuts, sugar and tobacco. The difference between the law enforcement objective of the WTO and the Pareto optimization objective assumed by economists is stressed throughout.

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