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~institution:"Department of Econometrics and Business Statistics, Monash Business School"
~language:"eng"
~language:"und"
~person:"Ng, Yew-Kwang"
~subject:"a large extent of market and agglomeration lead to low transaction costs. This makes it beneficial for the specialized firms to coordinate the production through the market. In the presence of the agglomeration effect in lowering the transaction costs"
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a large extent of market and agglomeration lead to low transaction costs. This makes it beneficial for the specialized firms to coordinate the production through the market. In the presence of the agglomeration effect in lowering the transaction costs
Lorenz curve
2
specialization
2
China
1
Environmentally responsible happy nation index
1
Gender
1
Gini index
1
Gini index Abstract: Sarabia et al. (1999) present a basic model to create ordered families of Lorenz curves
1
Value of life
1
Wenzhou. Abstract: In the industry center of lighters in Wenzhou
1
a perfectly competitive industry may have multiple equilibria. The ability of the industry of lighters in Wenzhou to expand to the high-level equilibrium by capturing the world market helps to explain the huge decreases in prices
1
agglomeration effect
1
alimony
1
along with basic theorems that describe the conditions for the models to satisfy the definition of the Lorenz curve. Using these basic models
1
and agglomerated firms. Some firms specialize in assembling lighters
1
and four related factors are revealed to be involved. First
1
compared with standard factories
1
division of labor
1
duality
1
each of them focus on a specific component part of the product. Last
1
flexible specialization
1
happiness
1
household workshops have the cost advantage in producing the parts of lighters. Next
1
housing prices in China
1
increasing returns
1
interest rates
1
interpersonal comparison
1
land use controls in China
1
life expectancy
1
lighters
1
lighters are produced by a large number of small
1
lighters are produced by firms owned mostly by those transferring from peasants and other occupations. Due to the difficulty in financing
1
marriage
1
measurability
1
mechanization
1
mortality
1
national success indicators
1
spousal support
1
they suggest a family which includes several well-known Lorenz models as special cases. This paper first shows that their basic theorems can be generalized. The paper then proceeds to propose additional families of Lorenz models. Finally the performance of some of the models is compared and it is shown that more efficient Lorenz models are possible with the assistance of our generalized result of the Sarabia et al. (1999) basic model
1
time preference
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English
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Ng, Yew-Kwang
Cheung, Waka
1
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Department of Econometrics and Business Statistics, Monash Business School
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Monash Economics Working Papers
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The Flocking Strategy and Vertical Disintegration
Cheung, Waka
;
Ng, Yew-Kwang
-
Department of Econometrics and Business Statistics, …
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2007
Persistent link: https://www.econbiz.de/10005064096
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