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Advantage |
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AdvantageUsually refers to a cost advantage, though it could refer to a strategic advantage (such as first mover advantage) or to a superiority of technology or quality.Similar MatchesKaleidoscope comparative advantageKaleidoscope comparative advantageA variant of fragmentation due to Bhagwati and Dehejia (1994). Revealed comparative advantageRevealed comparative advantageBalassa's (1965) measure of relative export performance by country and industry, defined as a country's share of world exports of a good divided by its share of total world exports. The index for country i good j is RCAij = 100(Xij /Xwj)/(Xit /Xwt) where Xab is exports by country a (w=world) of good b (t=total for all goods). Cost advantageCost advantagePossession of a lower cost of production or operation than a competing firm or country. In the case of countries, this could refer to an absolute advantage, although it is more likeliy a comparative advantage. First mover advantageFirst mover advantageThe advantage that a firm or country may derive from being the first to enter a market, or from being the first to use a new technology, advertising technique, etc. Locational advantageLocational advantageAny reason for a firm to locate production, or a stage of production, in a particular place, such as availability of a natural resource, transport cost, or barriers to trade. May explain why a country's firms succeed in trade, or why a multinational firm locates there. Further SuggestionsYield advantageDynamic comparative advantage Comparative advantage Net advantage to merging Absolute advantage Law of Comparative Advantage Chain of comparative advantage Absolute advantage Production Cost Advantage Net advantage to leasing Comparative advantage Net advantage of refunding Location specific advantages Distribution Cost Advantage Competitive advantage |
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