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If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can...
Persistent link: https://www.econbiz.de/10010877912
We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much … larger than the other, its preferences can eventually take over the preferences of the second country. This result may … agreements. We also show that when the sensitivity of preferences to the relative price is high, the distribution of preferences …
Persistent link: https://www.econbiz.de/10005765932
The sustainability of the welfare state ultimately depends on citizens’ preferences for income redistribution. They are …
Persistent link: https://www.econbiz.de/10008511616
Tempelhof indicates that adaptive preferences may be important. …
Persistent link: https://www.econbiz.de/10005029263
the marriage, in the case where preferences of partners are unknown, will be accepted. In this sense consumption is …
Persistent link: https://www.econbiz.de/10005196324
The goal of this paper is to provide a preliminary overview of empirical Capability Approach (CA) applications for high-income OECD countries. The survey aims at a basis of mutual exchange on relevant CA issues among researchers analyzing well-being in affluent countries. It focuses on CA...
Persistent link: https://www.econbiz.de/10008853849