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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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
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
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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