Gainers and losers from market integration

نویسندگان

چکیده

We compare integration of economic, matching and networking markets. There can be losers from in all three cases, but their relative numbers depend on the type market. many pure exchange economies. are relatively few In case, tend to lie between those other two cases. particular, grand economy markets, there weakly more non-losers than losers, with strict preferences gainers losers.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Growth or equality ? Losers and gainers from financial reform

We explore the consequences of liberalized credit markets for growth and inequality in a lifecycle economy with physical and human capital accumulation, populated by households of different abilities, and calibrated to match the longrun economic performance of a panel of emerging countries. Relatively modest improvements in extending credit to the ablest households appear to have large economic...

متن کامل

Learning from losers

Bacteria can overcome environmental challenges by killing nearby bacteria and incorporating their DNA.

متن کامل

‘Winners And Losers’: Lessons From The Romanian Transition To A Market Economy

This paper is about the consequences of the transition to a market economy upon the individuals’ understandings of themselves, the others and of the new capitalist ‘regime’ in the Romanian setting. For some, the new regime is a positive experience and its upholding morality a more enriching experience than anything before. We label these individuals, ‘the winners’ of the transition: most of the...

متن کامل

Market Integration and Contagion

Contagion is usually defined as correlation between markets in excess of what would be implied by economic fundamentals; however, there is considerable disagreement regarding the definitions of the fundamentals, how the fundamentals might differ across countries, and the mechanisms that link the fundamentals to asset returns. Our research takes, as a starting point, a two-factor model with time...

متن کامل

Capital Market Integration and Wages

For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries that do not liberalize. The temporary increase in the growth rate of the real wage drives up the level of average annual compens...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Mathematical Social Sciences

سال: 2022

ISSN: ['1879-3118', '0165-4896']

DOI: https://doi.org/10.1016/j.mathsocsci.2021.12.003