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  2. Comparative advantage - Wikipedia

    en.wikipedia.org/wiki/Comparative_advantage

    A good can be produced at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. [1] Comparative advantage describes the economic reality of the gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. [2]

  3. Opportunity cost - Wikipedia

    en.wikipedia.org/wiki/Opportunity_cost

    International; Micro; ... the opportunity cost of a choice is the value of the ... the discounted rate applied in DCF analysis is influenced by an opportunity cost, ...

  4. Gains from trade - Wikipedia

    en.wikipedia.org/wiki/Gains_from_trade

    Cost–benefit analysis; Branches and subfields ... for which they each have a low opportunity cost. ... 1998, 2nd ed. Lectures on International Trade, ch. 18 & 19 ...

  5. What is Opportunity Cost? - AOL

    www.aol.com/news/2013-04-01-financial-literacy...

    Opportunity cost is also often defined, more specifically, as the highest-value opportunity forgone. So let's say you could have become a brain surgeon, earning $250,000 per year, instead of a ...

  6. Transaction cost analysis - Wikipedia

    en.wikipedia.org/wiki/Transaction_cost_analysis

    Transaction cost analysis (TCA), as used by institutional investors, is defined by the Financial Times as "the study of trade prices to determine whether the trades were arranged at favourable prices – low prices for purchases and high prices for sales". [1] It is often split into two parts – pre-trade and post-trade.

  7. International trade theory - Wikipedia

    en.wikipedia.org/wiki/International_trade_theory

    International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade policy has been highly controversial since the 18th century. International trade theory and economics itself have developed as means to evaluate the effects of trade policies.

  8. Gottfried Haberler - Wikipedia

    en.wikipedia.org/wiki/Gottfried_Haberler

    [2] [3] [4] He worked in particular on international trade. [5] One of his major contributions was reformulating the Ricardian idea of comparative advantage in a neoclassical framework, abandoning the labor theory of value for an opportunity cost concept. [6]

  9. Trade costs and facilitation - Wikipedia

    en.wikipedia.org/wiki/Trade_costs_and_facilitation

    The project analyzes trade facilitation effects in a broad sense, as its analysis spans the entire realm of a typical international trade transaction; this includes, among other topics, the transparency and professionalism of customs and regulatory environments, the efficiency of supply chain-related infrastructure, the harmonization of product ...

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