Abstract
It is shown here that the transfer paradox (TP) might be very common in reality. Almost every world with m≥3 countries and two commodities possesses many initial states where TP occurs at a unique and stable equilibrium.
Original language | English |
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Pages (from-to) | 209-212 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 15 |
Issue number | 3-4 |
DOIs | |
State | Published - 1984 |