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Breaking Up: Experimental Insights into Economic (Dis)Integration

Camera, Gabriel and Hohl, Lukas and Weder, Rolf. (2019) Breaking Up: Experimental Insights into Economic (Dis)Integration. WWZ Working Papers, 2019 (21). Basel.

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Official URL: https://edoc.unibas.ch/74966/

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Abstract

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.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Aussenwirtschaft und Europ. Integration (Weder)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Camera, Gabriele and Hohl, Lukas and Weder, Rolf
Item Type:Working Paper
Publisher:WWZ
Number of Pages:43
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
Identification Number:
  • handle: RePEc:bsl:wpaper:2019/21
Last Modified:27 Jan 2020 10:09
Deposited On:27 Jan 2020 10:09

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