Benassi, Corrado; Cellini, Roberto; Chirco, Alessandra - In: German Economic Review 3 (2002) 3, pp. 327-338
Income distribution affects market demand and its elasticity, and, as a consequence, the optimal behaviour of firms and market equilibrium. This paper focuses on the effects of income polarization, and presents a model where - for any unimodal density function describing income distribution of...