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Negative Production Externalities and Efficacy of the Pigouvian Tax Policy in a Developing Economy: A Pure Economic Argument
Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2015
This theoretical note examines the usefulness of the Pigouvian tax policy in dealing with negative production externalities and in improving social welfare in a small developing economy. A two-sector, full-employment general equilibrium model with exogenous labour market imperfection is used for...
Persistent link: https://www.econbiz.de/10011212786
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Robust Permanent Income in General Equilibrium
Luo, Yulei; Nie, Jun; Young, Eric - Volkswirtschaftliche Fakultät, … - 2015
This paper provides a tractable continuous-time constant-absolute-risk averse (CARA)-Gaussian framework to quantitatively explore how the preference for robustness (RB) affects the interest rate, the dynamics of consumption and income, and the welfare costs of model uncertainty in general...
Persistent link: https://www.econbiz.de/10011271307
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Is it reasonable to subsidize healthcare in Developing Nations? A question purely from the growth perspective
Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2015
The paper purports to examine the rationale in subsidizing healthcare in the developing economies solely from the standpoint of economic growth with the help of a three-sector, full-employment small economy model with exogenous labour market imperfection and a non-traded sector providing...
Persistent link: https://www.econbiz.de/10011271333
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Assumption without representation: the unacknowledged abstraction from communities and social goods
Wicks, Rick - Volkswirtschaftliche Fakultät, … - 2011
We have not clearly acknowledged the abstraction from unpriceable “social goods” (derived from communities) which, different from private and public goods, simply disappear if it is attempted to market them. Separability from markets and economics has not been argued, much less established....
Persistent link: https://www.econbiz.de/10011259455
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Geometrical exposition of structural axiomatic economics (I): Fundamentals
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical economics. Hence all endeavors to lay the formal foundation on a new site and at a deeper level actually need no further vindication. Part (I) of the structural axiomatic analysis submits three...
Persistent link: https://www.econbiz.de/10011259823
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Job-search and foreign capital inflow - a three sector general equilibrium analysis
Chaudhuri, Sarbajit; Bandopadhyay, Titas Kumar - Volkswirtschaftliche Fakultät, … - 2012
The purpose of this paper is to extend the Fields’ (1989) multi sector job-search model in a three sector general equilibrium framework by introducing international trade and an input, capital. The three sectors are the rural sector, the urban informal sector and the urban formal sector. The...
Persistent link: https://www.econbiz.de/10011259840
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Why is the Workplace Racially Segregated by Occupation?
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2012
by economic theory, but “the hypothesis of employer discrimination does not at all explain segregation by occupation … theory foundations, insofar as they impose a utility indicator function as a primitive concept via persuasion, rather than … to discriminate. Economic theory is, therefore, endogenously color-blind, race-blind, gender-blind, ethnicity-blind, and …
Persistent link: https://www.econbiz.de/10011260187
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Is Direct FDI in Healthcare Desirable in a Developing Economy?
Chaudhuri, Sarbajit; Mukhopadhyay, Ujjaini - Volkswirtschaftliche Fakultät, … - 2012
We develop a three-sector general equilibrium model and attempt to examine the impact of FDI in healthcare sector on the welfare and human capital stock of the economy. The greater the size of the healthcare sector the higher and better would be the medical facilities available to each member of...
Persistent link: https://www.econbiz.de/10011260247
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Globalization, consumerism and child labour
Dwibedi, Jayanta; Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2007
This paper highlights the implication of consumerism on the incidence of child in a developing economy using a two-sector general equilibrium model. It finds that although consumerism raises incomes of the poor households and decreases the earning opportunities of the children, this is not...
Persistent link: https://www.econbiz.de/10005260267
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Necessary and sufficient conditions for global uniqueness of equilibria
Covarrubias, Enrique - Volkswirtschaftliche Fakultät, … - 2008
We study the problem of finding necessary and sufficient conditions that guarantee global uniqueness of equilibria in a pure exchange economy. We show that for every economy to have a unique equilibrium it is necessary and sufficient that (i) there are no critical economies and (ii) a compact...
Persistent link: https://www.econbiz.de/10005260325