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.
- Language
-
Englisch
- Bibliographic citation
-
Series: WWZ Working Paper ; No. 2019/21
- Classification
-
Wirtschaft
Game Theory and Bargaining Theory: General
Design of Experiments: General
International Economic Order and Integration
- Subject
-
endogenous institutions
globalization
indefinitely repeated games
social dilemmas
- Event
-
Geistige Schöpfung
- (who)
-
Camera, Gabriele
Hohl, Lukas
Weder, Rolf
- Event
-
Veröffentlichung
- (who)
-
University of Basel, Center of Business and Economics (WWZ)
- (where)
-
Basel
- (when)
-
2019
- DOI
-
doi:10.5451/unibas-ep74966
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Camera, Gabriele
- Hohl, Lukas
- Weder, Rolf
- University of Basel, Center of Business and Economics (WWZ)
Time of origin
- 2019
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