Gains from trade without lump-sum compensation
Gains from trade without lump-sum compensation
复制标题
没有一次性补偿的贸易收益
DOI:
10.1016/0022-1996(86)90008-5
复制
发表时间:
1986
影响因子:
3.3
通讯作者:
V. Norman
中科院分区:
文献类型:
--
作者:
A. Dixit;V. Norman
This paper examines the possibility of designing a free-trade equilibrium that is Pareto superior to a given autarkic one, using redistributive tools other than lump-sum transfers. It is shown that (i) if the production frontier allows some non-zero transformation in the neighbourhood of autarky, and (ii) there is a commodity, pure or composite, for which no two consumers trade on opposite sides of the market, then taxes and subsidies on goods and factors suffice for the purpose. If uniform poll subsidies are available, then condition (ii) is not needed. Such policies are compatible with incentive-compatibility constraints, while lump-sum transfers are not.