Showing 1 - 10 of 165
This paper defines a general equilibrium model with exchange and club formation. Agents trade multiple private goods widely in the market, can belong to several clubs, and care about the characteristics of the other members of their clubs. The space of agents is a continuum, but clubs are...
Persistent link: https://www.econbiz.de/10005077047
We consider optimization problems with second order stochastic dominance constraints formulated as a relation of Lorenz curves. We characterize the relation in terms of rank dependent utility functions, which generalize Yaari's utility functions. We develop optimality conditions and duality...
Persistent link: https://www.econbiz.de/10005125607
Persistent link: https://www.econbiz.de/10005125608
Let M and N be the set of minimizers of a function f over respective subsets K and L of a lattice, with K being lower than L. This paper characterizes the class of functions f for which M is lower (resp., weakly lower, meet lower, join lower, chain lower) than N for all K lower than L. The...
Persistent link: https://www.econbiz.de/10005125609
En este trabajo se estudia la rentabilidad de la empresa agroalimentaria en Andalucía (España)mediante un conjunto de ratios, elaborados por el Instituto de Estadística de Andalucía a partir de la Central de Balances de Actividades Empresariales de Andalucía. El objeto es encontrar las...
Persistent link: https://www.econbiz.de/10005125615
proportions to identify sectors that are a bottleneck to 10% growth of the economic system. The study identifies 26 such sectors … with 2.6%, pesticides with 2.1% are some of the serious bottleneck sectors. Groundnuts, paper and animal services with …
Persistent link: https://www.econbiz.de/10005125618
We work out technical efficiency levels of the Indian States and Union Territories using Data Envelopment Analysis from 1980-81 to 1997-98. We decompose net value added per worker growth into components attributable to technological changes (shifts in the overall production...
Persistent link: https://www.econbiz.de/10005125622
This paper analyses growth and convergence on sugarcane industry in southeast Asia countries. Important questions in this paper are whether the growth of sugar cane industry in Southeast Asia moves toward a convergence or divergence trend over time and to what extent the economic integration...
Persistent link: https://www.econbiz.de/10005125632
One of the difficult and frustrating aspects of teaching mathematics is getting students to think logically and develop an ability to prove theorems. Too frequently, students resort to what might be called "proof by example." A classic illustration of "proof by example" comes from years of...
Persistent link: https://www.econbiz.de/10005125635
In this paper I give a new proof of equilibrium existence in incomplete markets economies with a continuum of states.
Persistent link: https://www.econbiz.de/10005125643