An adverse social welfare effect of a doubly gainful trade
An adverse social welfare effect of a doubly gainful trade
dc.contributor.author | Stark, Oded | |
dc.contributor.author | Zawojska, Ewa | |
dc.contributor.author | Kohler, Wilhelm | |
dc.contributor.author | Szczygielski, Krzysztof | |
dc.date.accessioned | 2024-09-12T07:36:30Z | |
dc.date.available | 2024-09-12T07:36:30Z | |
dc.date.issued | 05.2018 | |
dc.identifier.uri | https://hdl.handle.net/20.500.11811/12110 | |
dc.description.abstract | Acknowledging individuals’ distaste for low relative income renders trade less appealing when trade is viewed as a technology that integrates economies by merging separate social spheres into one. We define a “trembling trade” as a situation in which gains from trade are overtaken by losses of relative income, with the result that global social welfare is reduced. A constructive example reveals that a “trembling trade” can arise even when trade is doubly gainful in that it increases the income of every individual and narrows the income gap between the trading populations. | de |
dc.format.extent | 33 | |
dc.language.iso | eng | |
dc.relation.ispartofseries | ZEF-Discussion Papers on Development Policy ; 260 | |
dc.rights | In Copyright | |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
dc.subject | Gains from trade | |
dc.subject | Increase of incomes | |
dc.subject | Decrease of income gap | |
dc.subject | Integration | |
dc.subject | Change of social space | |
dc.subject | Low relative income | |
dc.subject | Social welfare | |
dc.subject.ddc | 300 Sozialwissenschaften, Soziologie, Anthropologie | |
dc.subject.ddc | 320 Politik | |
dc.subject.ddc | 330 Wirtschaft | |
dc.title | An adverse social welfare effect of a doubly gainful trade | |
dc.type | Arbeitspapier | |
dc.publisher.name | Center for Development Research (ZEF), University of Bonn | |
dc.publisher.location | Bonn | |
dc.rights.accessRights | openAccess | |
dc.relation.eissn | 1436-9931 | |
dc.relation.url | https://www.zef.de/fileadmin/user_upload/ZEF_DP_260_OS.pdf | |
ulbbn.pubtype | Zweitveröffentlichung | |
dc.version | publishedVersion |