A Policy Response to a Downside of the Integration of Economies: An Impossibility Theorem

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URI: http://hdl.handle.net/10900/53045
Dokumentart: Article
Date: 2014
Source: University of Tübingen Working Papers in Economics and Finance ; 73
Language: English
Faculty: 6 Wirtschafts- und Sozialwissenschaftliche Fakultät
Department: Wirtschaftswissenschaften
DDC Classifikation: 330 - Economics
Keywords: Verschmelzung
Other Keywords:
Merger of populations
Revision of social space
Aggregate relative deprivation
Societal stress
Policy response
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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.

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