A policy response to a downside of the integration of economies: An impossibility theorem

Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.


Issue Date:
2014-05
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
1436-9931 (Other)
PURL Identifier:
http://purl.umn.edu/171766
Page range:
1-12
Total Pages:
12
JEL Codes:
D04; D63; F55; H53; P51
Series Statement:
Discussion Papers
192




 Record created 2017-04-01, last modified 2017-08-27

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