Gains from Trade

B-Tier
Journal: International Economic Review
Year: 2017
Volume: 58
Issue: 3
Pages: 923-942

Authors (2)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In a social choice context, we ask whether there exists a rule in which nobody loses under trade liberalization. We consider a resource allocation problem in which the traded commodities vary. We propose an axiom stating that enlarging the set of tradable commodities hurts nobody. We show that if a rule satisfies this axiom, together with an allocative efficiency axiom and an institutional constraint axiom stating that only preferences over tradable commodities matter, gains from trade can be given to only one individual in the first step of liberalization.

Technical Details

RePEc Handle
repec:wly:iecrev:v:58:y:2017:i:3:p:923-942
Journal Field
General
Author Count
2
Added to Database
2026-01-25