Can everyone benefit from economic integration?

Christopher Chambers and Takashi Hayashi

Journal of Public Economic Theory, 2020, vol. 22, issue 3, 821-833

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.

Date: 2020
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