Trade Gains in Chaotic Equilibria

Murray Kemp and Koji Shimomura

Review of International Economics, 1999, vol. 7, issue 3, 403-09

Abstract: It is shown by means of an overlapping-generations (OLG) example that free international trade may be both deterministically chaotic and gainful in the sense of Pareto to a participating country. Copyright 1999 by Blackwell Publishing Ltd.

Date: 1999
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Working Paper: Trade Gains in Chaotic Equilibrium (1997)
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