Conejeros, Raul; Vargas, Miguel - In: Applied Economics 44 (2012) 17, pp. 2203-2215
Anas (2002) has shown that there exist equilibria with exclusion and the payments of economic transfers where whites and blacks are better off than in the case without them. Anas’ model is static so it does not consider important dynamics aspect of this phenomenon. Hence, we have developed a...