An Adverse Social Welfare Effect of Quadruply Gainful Trade
Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a technology that integrates two economies by merging separate social spheres into one. We define a “trembling trade” as a situation in which gains from trade are less than losses in relat...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Korea Institute for International Economic Policy
2020-09-01
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| Series: | East Asian Economic Review |
| Subjects: | |
| Online Access: | https://dx.doi.org/10.11644/KIEP.EAER.2020.24.3.377 |