Exchange and Specialisation as a Discovery Process
通过封闭经济实验，研究参与者如何发现交换能力、实现专业化并利用比较优势，探讨弱制度框架下促进交换与专业化发展的条件。
In this article we study the performance of an economy that can support specialisation if the participants develop and follow some system of exchange. We define a closed economy in which the participants must discover the ability to exchange, implement it, and ascertain what they are comparatively advantaged in producing. Many of our participants demonstrate the ability to find comparative advantage, capture gains from trade and effectively choose production that is consistent with the choices of others. We explore various treatments to provide insight into the conditions that foster the growth of specialisation and exchange within this weak institutional framework.