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In an asymmetric war of attrition the players` prize valuations are drawn from different distributions. A stochastic strength ordering, based upon relative hazard rates, is used to rank these distributions. The stochastically stronger player is perceived to be strong ex ante, even though her...
Persistent link: https://www.econbiz.de/10005047908
-inflation variables such as real income has been given a somewhat passive role, either assuming it exogenous or to have a negligible role … extreme Yugoslavian episode to investigate the role of income.  The analysis suggests that even in extreme hyper-inflation the … monetary variables and real income are simultaneously determined.  The methodology enables a description of the short term …
Persistent link: https://www.econbiz.de/10011004302
Persistent link: https://www.econbiz.de/10004977873
The paper attempts to synthesize the research to date on the contribution of international trade to rising income … contributed only A RELATIVELY SMALL SHARE OF RISING US INCOME INEQUALITY ACROSS SKILL GROUPS. …
Persistent link: https://www.econbiz.de/10005035750
We have posed an interesting and possibly original question: Why are Chinese villages that are so close together geographically so far apart economically? We have developed an answer in terms of factor immobiblities and processes of cumulative causation. Our results are not conclusive: Sharper...
Persistent link: https://www.econbiz.de/10005090707
consistent with a model of quality-quantity of leisure, where individuals substitute quality for quantity as their income rises. …
Persistent link: https://www.econbiz.de/10005047706
for intra-provincial inequality in both earnings per worker and household income per capita not only to rise in each …
Persistent link: https://www.econbiz.de/10005047757
Persistent link: https://www.econbiz.de/10005047760
This paper considers the practical problem of distributing a fixed budget for poverty alleviation to a population whose poverty status is not directly observable. Some information on the relationship between poverty status and a number of observable and verifiable characteristics is assumed to...
Persistent link: https://www.econbiz.de/10005047761
Persistent link: https://www.econbiz.de/10005047763