HomeHome

The Generalized Theory of Transfers and Welfare: Bilateral Transfers in a Multilateral World

Jagdish N. Bhagwati; Richard A. Brecher; Tatsuo Hatta

Title:
The Generalized Theory of Transfers and Welfare: Bilateral Transfers in a Multilateral World
Author(s):
Bhagwati, Jagdish N.
Brecher, Richard A.
Hatta, Tatsuo
Date:
Type:
Articles
Department(s):
Economics
Volume:
73
Persistent URL:
Book/Journal Title:
American Economic Review
Abstract:
We demonstrate that the phenomenon of immiserizing transfers from abroad (and the analytically symmetric phenomenon of enriching transfer payments) in the presence of market stability can arise only if there is a distortion characterizing the economy in question.
Subject(s):
Economics
Item views
103
Metadata:
text | xml
Suggested Citation:
Jagdish N. Bhagwati, Richard A. Brecher, Tatsuo Hatta, , The Generalized Theory of Transfers and Welfare: Bilateral Transfers in a Multilateral World, Columbia University Academic Commons, .

Columbia University Libraries | Policies | FAQ