%0 Journal Article
%T A Game Theory Approach for Product Specialization in International Trade
%A Ioana-Veronica ALEXA
%A Simona-Valeria TOMA
%A Daniela SARPE
%J Risk in Contemporary Economy
%D 2011
%I Dunarea de Jos University of Galati
%X Game theory, in its most basic form, considers two players and analyses the different strategies that they can use and the effect that these strategies will have on each player. International trade allows countries to use better their resources (labor, technology or capital). Since countries have different capital or natural resources, some of them will produce a good more efficiently than others and therefore could sell it cheaper than other countries. By using game theory in international trade we could determine if the H-O-S model is correct and what would be the best specialization for each country.
%K international trade
%K game theory
%K country specialization
%K strategy
%U http://www.rce.feaa.ugal.ro/sites/default/files/IVAlexa_SVToma_DSarpe.pdf