Advanced Search
MyIDEAS: Login to save this article or follow this journal

The transfer problem: A complete characterization

Contents:

Author Info

  • Balasko, Yves

    ()
    (Department of Economics, PUC-Rio, Brazil and Department of Economics, University of York, UK)

Registered author(s):

    Abstract

    The transfer problem is defined by the possibility for a donor country to end up better off after having given away some resources to another country. The simplest version of that problem can be formulated in a two consumer exchange economy with fixed total resources. Existence of a transfer problem at some equilibrium is known to be equivalent to instability in the case of two goods. This characterization is extended to an arbitrary number of goods by showing that a transfer problem exists at a (regular) equilibrium if and only if this equilibrium has an index value equal to -1. Samuelson's conjecture that there is no transfer problem at tatonnement stable equilibria is therefore true for any number of goods.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://econtheory.org/ojs/index.php/te/article/viewFile/20140435/10818/333
    Download Restriction: no

    Bibliographic Info

    Article provided by Econometric Society in its journal Theoretical Economics.

    Volume (Year): 9 (2014)
    Issue (Month): 2 (May)
    Pages:

    as in new window
    Handle: RePEc:the:publsh:1356

    Contact details of provider:
    Web page: http://econtheory.org

    Related research

    Keywords: Transfer problem; regular equilibrium; index value;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Balasko, Yves, 1975. "Some results on uniqueness and on stability of equilibrium in general equilibrium theory," Journal of Mathematical Economics, Elsevier, vol. 2(2), pages 95-118.
    2. Balasko, Yves, 1978. "The Transfer Problem and the Theory of Regular Economies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(3), pages 687-94, October.
    3. Balasko, Yves, 1992. "The set of regular equilibria," Journal of Economic Theory, Elsevier, vol. 58(1), pages 1-8, October.
    4. Dierker, Egbert, 1972. "Two Remarks on the Number of Equilibria of an Economy," Econometrica, Econometric Society, vol. 40(5), pages 951-53, September.
    5. Balasko, Yves, 2012. "On the number of critical equilibria separating two equilibria," Theoretical Economics, Econometric Society, vol. 7(1), January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:the:publsh:1356. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martin J. Osborne).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.