A Theory of Voluntary Unrequited International Transfers

Murray Kemp and Koji Shimomura

The Japanese Economic Review, 2002, vol. 53, issue 3, 290-300

Abstract: This paper proposes a theory of voluntary unrequited international transfers which explicitly allows for an international externality such that the well being of each country is influenced by the well being of other countries. Formulating a simple two–country and two–commodity model, this paper shows that (a) either neither country extends aid to the other, or one country extends aid and both countries benefit from the aid; and (b) there exist acceptable (Arrow–Debreu) economies such that neither country extends aid to the other, and there exist acceptable economies such that one country extends aid to the other. JEL Classification Numbers: F11, F35.

Date: 2002
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https://doi.org/10.1111/1468-5876.00229

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Journal Article: A Theory of Involuntary Unrequited International Transfers (2003)
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