Rethinking Ricardian "Sum of Enjoyments": Gains from Trade in a Co-Creational Economy
dc.contributor.author | Ramaswamy, Venkatram | |
dc.contributor | Chakrabarti, Avik | |
dc.date.accessioned | 2013-11-18T14:58:21Z | |
dc.date.available | 2013-11-18T14:58:21Z | |
dc.date.issued | 2015-05 | |
dc.identifier | 1211 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/101120 | |
dc.description.abstract | The Ricardian principle of comparative advantage has long been at the foundation of a wide range of economic models. In the new Internetworked economy where co-creational experiences of value is rapidly gaining momentum, the vision of this principle has weakened. We provide a framework to align economic thinking on the principle of comparative advantage with co-creational value creation embedded at the core. We show how patterns of specialization and the resultant gains from trade, within or across borders, must be sensitive to value gained through co-creational experiences. In particular, an individual’s co-creational experience of value is at the foundation of what we posit as the principle of comparative co-creationaladvantage. | en_US |
dc.subject | Co-Creation Experience Economics | en_US |
dc.subject | Specialization through Co-Creation | en_US |
dc.subject | Diversification through Co-Creation | en_US |
dc.subject | Gains from Tradethrough Co-Creation | en_US |
dc.subject | Principle of Comparative Co-Creational Advantage | |
dc.subject.classification | Strategy | en_US |
dc.subject.classification | en_US | |
dc.title | Rethinking Ricardian "Sum of Enjoyments": Gains from Trade in a Co-Creational Economy | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | Ross School of Business | en_US |
dc.contributor.affiliationother | Universiy of Wisconsin-Milwaukee | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/101120/1/1211_Chakrabarti.pdf | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/101120/4/1211_Chakrabarti.pdf | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/101120/5/1211_Dec13_Ramaswamy.pdf | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/101120/7/1211_Oct14VRamaswamypdf.pdf | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/101120/9/1211_Jan2015VRamaswamy.pdf | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/101120/11/1211_Ramaswamy_May2015.pdf | |
dc.description.filedescription | Description of 1211_Ramaswamy_May2015.pdf : May 2015 revision (new title) | |
dc.description.filedescription | Description of 1211_Jan2015VRamaswamy.pdf : SUPERSEDED: January 2015 revision | |
dc.description.filedescription | Description of 1211_Oct14VRamaswamypdf.pdf : SUPERSEDED: October 2014 revision | |
dc.description.filedescription | Description of 1211_Dec13_Ramaswamy.pdf : SUPERSEDED: Dec 2013 revision | |
dc.description.filedescription | Description of 1211_Chakrabarti.pdf : SUPERSEDED: Nov 2013 update | |
dc.description.filedescription | Description of 1211_Chakrabarti.pdf : SUPERSEDED | |
dc.owningcollname | Business, Stephen M. Ross School of - Working Papers Series |
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