In a distribution problem, and specifically in bankruptcy issues, the Proportional (P) and theEgalitarian (EA) divisions are two of the most popular ways to resolve the conflict. TheConstrained Equal Awards rule (CEA) is introduced in bankruptcy literature to ensure that noagent receives more...

We analyze a society that cares about inequality of opportunity. We propose adynamic setting in which effort is a decision variable that individuals adopt as asolution of an explicit utility maximization program. Effort determines themonetary outcome and it depends on the individual¿s...

Suppose that a group of individuals owns collectively a technology which produces a consumptiongood by means of a (possibly heterogeneous) input. A sharing rule associates input contributionswith a vector of consumptions that are technologically feasible. We show that the set of...

Using Spanish data I test whether there is a different pattern of intra-household distribution between two types of families: on the one hand, families with both spouses in full time employment and, on the other hand, families with the husband in full time employment and the wife being outside...

This paper provides an empirical contribution to the current debate about the suitability of the collective model proposed by Chiappori (1988, 1992) for analysing intrahousehold behaviour in the labour supply context. We follow Chiappori et al.(2002) and we extend the model considering...

This paper investigates the effect of health shocks on household consumption and child nutrition. Using longitudinal data from rural Colombia we find that several items of household consumption, including medical expenditure, food consumption, and total consumption, increase following a recent...

The rise in consumption inequality in response to the increase in income inequality over the last three decades in the U.S. is puzzling to expected-utility-based incomplete market models. The two-sided lack of commitment models exhibit too little consumption inequality while the standard...

Spatial price dispersion varies because of climatic fluctuations, marketimperfections, economic growth or economic policies. These variations areoften neglected in poverty studies.In this paper, we propose a simple simulation formula to assess the effecton poverty of a change in the spatial mean...

We study the incentive problem between the owners of a firm and its CEO's due to the unobservability of the manager's actions. Our model departs from the literature in two ways. First, we acknowledge that, in contrast with standard repeated moral hazard models, actions taken by CEO's have a...

This paper studies the business cycle dynamics of the income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skills. Our economy admits a representative consumer which enables us to characterize the...