Kennedy, Robert E., and Nancy F. Koehn. "Economic Gains from Trade: Comparative Advantage." Harvard Business School Background Note 796-183, June 1996. (Revised November 1996.) ...

Citations: Blount, Sally, Max Bazerman. 1996. The inconsistent evaluation of absolute versus comparative payoffs in labor supply and bargaining. Journal of Economic Behavior and Organization.

Comparative advantage refers to the ability of an entity to produce a good or service at a lower opportunity cost than another entity. This idea is centered on relative efficiency, not absolute ...