How Good is International Risk Sharing? Stepping Outside the Shadow of the Welfare Theorems
收藏NBER2025-12-01 更新2025-12-27 收录
下载链接：
https://www.nber.org/papers/w34587
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资源简介：
We revisit whether global output is (Pareto) efficiently distributed across countries over time. The efficient allocation of goods across regions requires that the relative marginal utilities of consumption across countries comoves with the relative costs of the country-specific consumption bundles.
提供机构：
美国国家经济研究局
创建时间：
2025-12-01
