کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5101466 1479253 2016 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Advantageous redistribution with three smooth CES utility functions
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Advantageous redistribution with three smooth CES utility functions
چکیده انگلیسی
We present a parametric example of three-country advantageous redistribution with two Cobb-Douglas utility functions and one CES utility function for which the elasticity of substitution is 1/2. This paper indicates that the possibility of advantageous redistribution strongly depends on the three countries' taste patterns, endowment distributions, and the elasticity of substitution. In particular, we will show with specific examples that greater difference between the donor and recipient's taste patterns and a lower elasticity of substitution can increase the chance of advantageous redistribution.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 67, December 2016, Pages 171-180
نویسندگان
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