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Acknowledging individuals' distaste for low relative income renders trade less appealing when trade is viewed as a technology that integrates economies by merging separate social spheres into one. We define a "trembling trade" as a situation in which gains from trade are overtaken by losses of...
Persistent link: https://www.econbiz.de/10011857978
In this paper I study policy responses to an increase in post-merger distress. I consider the integration of regions …
Persistent link: https://www.econbiz.de/10009510589
We draw a distinction between the social integration and economic assimilation of migrants, and study an interaction … between the two. We define social integration as blending into the host countryś society, and economic assimilation as … income gap with the natives. In this way, social integration becomes a catalyst for economic assimilation. …
Persistent link: https://www.econbiz.de/10009775564
This paper considers the integration of economies as a merger of populations. The premise is that the merger of groups …
Persistent link: https://www.econbiz.de/10009748458
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...
Persistent link: https://www.econbiz.de/10012308339