منابع مشابه
Trade, redistribution and indeterminacy
In the present paper a tractable two-sector growth model with technological externalities and many countries is considered. It is shown that the occurrence of indeterminacy, a typical side-product of externalities, may appear due to the enlargement of the markets for goods and factors. Various scenarios of progressive levels of integration are considered. In particular, it is found that the int...
متن کاملRedistribution , Median Finding , and Selection ( Preliminary Draft )
A common statistical problem is that of nding the median element in a set of data. This paper presents a fast and portable parallel algorithm for nding the median given a set of elements distributed across a parallel machine. In fact, our algorithm solves the general selection problem that requires the determination of the element of rank i, for an arbitrarily given integer i. Practical algorit...
متن کاملAdverse Selection and Re-Trade∗
We study how present and future adverse selection costs affect the prices of assets that may be traded repeatedly. We find that adverse selection is not a trading cost on average, and therefore future trading “costs” have no direct impact on current prices. Adverse selection can lead to allocation inefficiencies, which influence prices. Specifically, prices are reduced by the present value of a...
متن کاملAn Empirical Analysis of Trade-Related Redistribution and the Political Viability of Free Trade
An Empirical Analysis of Trade-Related Redistribution and the Political Viability of Free Trade Even if free trade creates net welfare gains for a country as a whole, the associated distributional implications can undermine the political viability of free trade. We show that trade-related redistribution increases the political viability of free trade in the US. We do so by assessing the causal ...
متن کاملThe Redistribution of Trade Gains When Income Inequality Matters
How does a redistribution of trade gains affect welfare when income inequality matters? To answer this question, we extend the [1] model to unionized labor markets and heterogeneous workers. As redistribution schemes, we consider unemployment benefits that are financed either by a wage tax, a payroll tax or a profit tax. Assuming that welfare declines in income inequality, we find that welfare ...
متن کاملذخیره 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: Journal of International Economics
سال: 2020
ISSN: 0022-1996
DOI: 10.1016/j.jinteco.2019.103255