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A note on a paradox of analysis

✍ Scribed by Kenneth Barber

Publisher
Springer Netherlands
Year
1968
Tongue
English
Weight
437 KB
Volume
19
Category
Article
ISSN
0031-8116

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It is well known that an agent can be hurt by accepting a gift, the donor of which is made better off. Why then does the recipient accept this welfare reducing gift? This paper examines the strategic aspects of the paradox. It shows that if the recipient refuses the gift, it would suffer an even gre