Showing 1 - 10 of 27
level of segregation in a fixed-size city where consumers differ both in income and taste. In this city, the market … allocation of the population is characterized by partial segregation: both rich and poor consumers can be found in both … segregation if applicants are not screened according to their income level. Any departure from the optimal level of screening has …
Persistent link: https://www.econbiz.de/10010933845
large proportion of agents and the degree of segregation of these cooperatives. Three factors can explain the existence …, stability and lack of segregation. First, we show that the classical explanation in economics holds within the framework of our … their income - the higher the risk aversion, the more stable the cooperatives and the lower the segregation. Learning can …
Persistent link: https://www.econbiz.de/10010933864
This paper develops a simple model to explain two stylised facts about immigration. First, some countries have a low ratio of migrants in their population, while other wealthy countries have a high number of migrants. In fact such migrants are of the same order of magnitude as their domestic...
Persistent link: https://www.econbiz.de/10010930197
also show that, if there are more than one public good, this condition is not sufficient for segregation unless households … preferences are additively separable. Since this condition is necessary and sufficient for the segregation of stable jurisdiction … segregation. …
Persistent link: https://www.econbiz.de/10009325711
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … one's neighbors to be of the same color could lead to total segregation, even if total segregation does not correspond to … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main …
Persistent link: https://www.econbiz.de/10008793080
In the present article, I provide a simple urban theory where agents do not bid for land. In absence of this baseline mechanism, I show that the spatial allocation of agents is governed by a Nash equilibrium. I underline the role of asymmetric local congestion effects in insuring the existence...
Persistent link: https://www.econbiz.de/10010899763
In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can...
Persistent link: https://www.econbiz.de/10010750403
In a simple public good economy, we propose a natural bargaining procedure whose equilibria converge to Lindahl allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about personalized prices and a decision about output levels for the...
Persistent link: https://www.econbiz.de/10010750409
Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium model is to analyze the simultaneous equilibrium in all...
Persistent link: https://www.econbiz.de/10010750449
The body of literature on purely democratic countries can sometimes fail to explain the behavior of government in semi-democratic African countries. Empirical and theoretical political economic papers find that public funds target ruling party supporters and swing districts. Our results,...
Persistent link: https://www.econbiz.de/10010753932