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

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)180-184
Number of pages5
JournalEconomics Letters
Volume124
Issue number2
DOIs
StatePublished - Aug 2014
Externally publishedYes

Keywords

  • Aggregate relative deprivation
  • Merger of populations
  • Policy response
  • Revision of social space
  • Societal stress

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