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A Note on Measuring the Openness of An Economy

โœ Scribed by D. V. T. Bear

Book ID
125755825
Publisher
MIT Press
Year
1966
Tongue
English
Weight
109 KB
Volume
48
Category
Article
ISSN
0034-6535

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The property of openness of an aggregation operator is introduced to indicate that there always exists the possibility of adding some argument value that will change the aggregated value. We then show the incompatibility of openness with the property of associativity.