The Myth of Fair Prices: A Graphical Analysis
AbstractThe issues of fair trade and in particular fair price policies, have been neglected in most international trade courses. The authors show how the latter can be explained to undergraduate students applying the simple graphical methods normally used in general equilibrium trade theory. They show that fair pricing strategies can be looked upon as a suboptimal device for redistributing the gains from trade as compared with a transfer of funds.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of Economic Education.
Volume (Year): 34 (2003)
Issue (Month): 3 (January)
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- Leonardo Becchetti & Stefano Castriota & Melania Michetti, 2013.
"The effect of fair trade affiliation on child schooling: evidence from a sample of Chilean honey producers,"
Taylor & Francis Journals, vol. 45(25), pages 3552-3563, September.
- Leonardo Becchetti & Stefano Castriota & Melania Michetti, 2012. "The Effect of Fair Trade Affiliation on Child Schooling: Evidence from a Sample of Chilean Honey Producers," Working Papers 2012.56, Fondazione Eni Enrico Mattei.
- Leonardo Becchetti & Stefano Castriota & Nazaria Solferino, 2011. "Development Projects and Life Satisfaction: An Impact Study on Fair Trade Handicraft Producers," Journal of Happiness Studies, Springer, vol. 12(1), pages 115-138, March.
- Mann, Stefan, 2008. "Analysing fair trade in economic terms," The Journal of Socio-Economics, Elsevier, vol. 37(5), pages 2034-2042, October.
- B. Michael Gilroy & Birke Thuy Duong Nguyen, 2011. "Ist Fairer Handel Wirklich Fair?," Working Papers 43, University of Paderborn, CIE Center for International Economics.
- Balineau, Gaëlle, 2013. "Disentangling the Effects of Fair Trade on the Quality of Malian Cotton," World Development, Elsevier, vol. 44(C), pages 241-255.
- Ling-po Shiu & Chor-yiu Sin, 2006. "Top-down, middle-out, and bottom-up processes: A cognitive perspective of teaching and learning economics," International Review of Economic Education, Economics Network, University of Bristol, vol. 5(1), pages 60-72.
- Patrice Cailleba & Herbert Casteran, 2010. "Do Ethical Values Work? A Quantitative Study of the Impact of Fair Trade Coffee on Consumer Behavior," Journal of Business Ethics, Springer, vol. 97(4), pages 613-624, December.
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