An adverse social welfare effect of a doubly gainful trade

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Show simple item record Stark, Oded Zawojska, Ewa Kohler, Wilhelm Szczygielski, Krzysztof 2018-05-03T13:49:11Z 2018-05-03T13:49:11Z 2018-05-02
dc.identifier.other 511978464 de_DE
dc.identifier.uri de_DE
dc.description.abstract Acknowledging individuals’ distaste for low relative income renders trade less appealing when trade is viewed as a technology that integrates economies by merging separate social spheres into one. We define a “trembling trade” as a situation in which gains from trade are overtaken by losses of relative income, with the result that global social welfare is reduced. A constructive example reveals that a “trembling trade” can arise even when trade is doubly gainful in that it increases the income of every individual and narrows the income gap between the trading populations. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri de_DE
dc.rights.uri en
dc.subject.classification Economics de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Gains from trade en
dc.subject.other Increase of incomes en
dc.subject.other Decrease of income gap en
dc.subject.other Integration en
dc.subject.other Change of social space en
dc.subject.other Low relative income en
dc.subject.other Social welfare en
dc.title An adverse social welfare effect of a doubly gainful trade en
dc.type Article de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; No. 106 en


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