Can everyone benefit from economic integration?

Chambers, C. P. and Hayashi, T. (2020) Can everyone benefit from economic integration? Journal of Public Economic Theory, 22(3), pp. 821-833. (doi: 10.1111/jpet.12420)

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Abstract

There is no Pareto efficient allocation rule which always encourages economic integration. Further, for any efficient rule treating indistinguishable agents identically in welfare terms, there is an economy in which a third of the agents are hurt upon integration.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Hayashi, Professor Takashi
Authors: Chambers, C. P., and Hayashi, T.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Public Economic Theory
Publisher:Wiley
ISSN:1097-3923
ISSN (Online):1467-9779
Published Online:16 December 2019
Copyright Holders:Copyright © 2019 Wiley Periodicals, Inc.
First Published:First published in Journal of Public Economic Theory 22(3): 821-833
Publisher Policy:Reproduced in accordance with the publisher copyright policy

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