Trade Policy and Redistribution When Preferences are Non-Homothetic
This paper compares redistribution through trade restrictions versus domestic lump-sum transfers. When preferences are non-homothetic, even domestic lump-sum transfers affect relative prices. Thus, contrary to the conventional wisdom, domestic lump...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/122941489496628184/Trade-policy-and-redistribution-when-preferences-are-non-homothetic http://hdl.handle.net/10986/26346 |