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Paul Krugman’s Old Paper.pdf

interstellar.pdf
Preview of Paul Krugman’s old paper
🔗 Source: standupeconomist.com
📊 Size: 116 KB
📄 Pages: 15 pages
⬇️ Downloads: 59

Summary

Paul Krugman's "The Theory of Interstellar Trade" extends interplanetary trade theory to an interstellar setting, focusing on computing interest charges on goods in transit when traveling at close to the speed of light, considering the time difference between an observer traveling with the goods and a stationary observer. The paper derives a solution from economic theory and proves two theorems, addressing the problem of evaluating capital costs on goods in transit and modeling arbitrage in interstellar capital markets where simultaneity has no unambiguous meaning.

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Paul Krugman's "The Theory of Interstellar Trade" extends interplanetary trade theory to an interstellar setting, focusing on computing interest charges on...

Technical Information

  • File Format: PDF
  • File Size: 116 KB
  • Pages: 15
  • Language: EN
  • Total Downloads: 59
  • Last Updated: 1 month ago

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