Tran Huu Dung (Wright State University) Rishi Kumar (Wright State University)
Abstract
This paper examines the welfare effects of an international commodity transfer when the volume of the transfer is uncertain. It shows that, if there is strong risk aversion, the recipient (the donor) could be absolutely worse off (better off) as a result of such transfer.
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Article provided by Department of Economics, Delhi School of Economics in its journal Indian Economic Review.
Volume (Year): 24 (1989) Issue (Month): 2 (July) Pages: 198-205 Download reference. The following formats are available: HTML
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