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A policy response to a downside of the integration of economies: An impossibility theorem

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  • Stark, Oded

Abstract

Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.

Suggested Citation

  • Stark, Oded, 2014. "A policy response to a downside of the integration of economies: An impossibility theorem," Discussion Papers 171766, University of Bonn, Center for Development Research (ZEF).
    • Handle: RePEc:ags:ubzefd:171766
    DOI: 10.22004/ag.econ.171766
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    References listed on IDEAS

    as
    1. Stark, Oded, 2013. "Stressful Integration," European Economic Review, Elsevier, vol. 63(C), pages 1-9.
    2. Oded Stark, 2010. "Looking at the Integration of Nations through the Lens of the Merger of Populations: Preliminary Superadditivity and Impossibility Results," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 146(IV), pages 661-675, December.
    3. AndrewE. Clark & Claudia Senik, 2010. "Who Compares to Whom? The Anatomy of Income Comparisons in Europe," Economic Journal, Royal Economic Society, vol. 120(544), pages 573-594, May.
    4. repec:hal:pseose:halshs-00754447 is not listed on IDEAS
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    Cited by:

    1. Stark, Oded, 2017. "Possible Policy Responses to a Dark Side of the Integration of Regions and Nations," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 329-341.

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    More about this item

    Keywords

    International Relations/Trade;

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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