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Static gains from trade |
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Static gains from tradeThe economic benefits from trade that arise in static models, including the efficiency gains from exploiting comparative advantage, the reduced costs from scale economies, reduction in distortion from imperfect competition, and increased product variety. Contrasts with dynamic gains from trade.Similar MatchesComparative staticComparative 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. "Static" Return"Static" ReturnThe return that an investor would make on a particular position if the underlying stock were unchanged in price at the expiration of the options in the position. Static modelStatic modelAn economic model that has no explicit time dimension. A static model abstracts from the process by which an equilibrium or an optimum might be reached only over time, as well as from the dependence of the variables in the model itself on a changing past or future. Contrasts with dynamic model. |
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