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 |
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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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