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The multi-country transfer problem |
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| Authors: | Avinash Dixit |
| Affiliation: | Princeton University, Princeton, NJ 08544, USA |
| Abstract: | A general formula is derived for the welfare effects of a set of transfers among several countries in a two-good model with production and substitution, and compatible with Walrasian stability. The relation to recent work on transfer paradoxes is sketched. |
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