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An Extended Ricardian Model Incorporating a Consumption Time Constraint |
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| Authors: | Binh Tran‐Nam |
| Abstract: | This paper investigates the impact of incorporating a Gossenian?Beckerian consumption time constraint into a simple Ricardian model. It is shown that in such a model the consumption gain from trade is zero, the specialization gain can be negative and a small nation devotes less labor to production after trade. |
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