not confirmed this prediction. In this paper, we propose a model with adverse selection followed by moral hazard, where …

not confirmed this prediction. In this paper, we propose a model with adverse selection followed by moral hazard, where …

survival probability of a child in rural India. Careful attention is paid to the consequences of parental selection and … heterogeneity on survival technology. The results suggest that child mortality is negatively related to the likelihood of purchasing … high risk of child mortality engage in compensatory behavior and ignoring this first type selection underestimates the …

This paper analyzes the implications of heterogeneity in price setting for both price and inflation inertia. Standard … only ex-post heterogeneity. While it is known that these models have different implications in terms of the dynamic effects … of monetary shocks, the role of heterogeneity has not yet been properly explored. In a simple framework, this paper …

This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … place in poor and rich countries alike, arising from productivity heterogeneity and redistribution (although it could also … arise from other sources of heterogeneity). The effect is explicitly captured in the aggregate growth equation by the …