Arbeitspapier
Breaking up: Experimental insights into economic (dis)integration
Standard international economic theory suggests that people should embrace economic integration because it promises large gains. But recent events such as Brexit indicate a desire for economic disintegration. Here we report results of an experiment, based on a strategic analytical framework, of how size and distribution of potential gains from integration influence outcomes and individuals' inclination to embrace integration. We find that cross-country inequality in potential gains acts as a friction to realize those gains. This suggests that to better understand recent phenomena, international economic theory should account for distributional considerations and behavioral aspects it currently ignores.
- Sprache
-
Englisch
- Erschienen in
-
Series: WWZ Working Paper ; No. 2019/21
- Klassifikation
-
Wirtschaft
Game Theory and Bargaining Theory: General
Design of Experiments: General
International Economic Order and Integration
- Thema
-
endogenous institutions
globalization
indefinitely repeated games
social dilemmas
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Camera, Gabriele
Hohl, Lukas
Weder, Rolf
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Basel, Center of Business and Economics (WWZ)
- (wo)
-
Basel
- (wann)
-
2019
- DOI
-
doi:10.5451/unibas-ep74966
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Camera, Gabriele
- Hohl, Lukas
- Weder, Rolf
- University of Basel, Center of Business and Economics (WWZ)
Entstanden
- 2019
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