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Comparative static |
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Comparative staticRefers to a comparison of two equilibria from a static model, usually differing by the effects of a single small change in an exogenous variable.Similar MatchesComparative credit analysisComparative credit analysisComparing a firm to others that have a desired target debt rating in order to deduce an appropriate financial ratio target. Dynamic comparative advantageDynamic comparative advantageA changing pattern of comparative advantage over time due to changes in factor endowments or technology. Comparative advantageComparative advantageTheory suggesting that specialization by countries can increase worldwide production. Law of Comparative AdvantageLaw of Comparative AdvantageThe principle that, given the freedom to respond to market forces, countries will tend to export goods for which they have comparative advantage and import goods for which they have comparative disadvantage, and that they will experience gains from trade by doing so. Idea due to Ricardo (1815). Comparative market analysisComparative market analysisAn estimate of the value of a property based on an analysis of sales of properties with similar characteristics. Further SuggestionsRevealed comparative advantageComparative advantage Chain of comparative advantage Kaleidoscope comparative advantage |
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