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Consumption efficiency hypothesis and the HOS model: Some counterintuitive results

Chaudhuri, Sarbajit; Banerjee, Dibyendu - Volkswirtschaftliche Fakultät, … - 2007

We show how accommodation of the consumption efficiency hypothesis can explain the existence of involuntary unemployment in the two-by-two Heckscher-Ohlin-Samuelson (HOS) model. Although the workers consume both the commodities their nutritional efficiency depends on the consumption of one...

Persistent link: https://www.econbiz.de/10005835705

Foreign Capital, Return to Education and Child labour

Dwibedi, Jayanta; Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2007

This paper attempts to identify the different channels through which economic reforms can affect the incidence of child labour in a developing economy. Using a three-sector general equilibrium model it shows that inflows of foreign capital can lower the problem of child labour by raising the...

Persistent link: https://www.econbiz.de/10005836084

Mid-day Meal Program and Incidence of Child Labour in a Developing Economy

Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2007

The present paper purports to examine the consequence of mid-day meal program and/or cash stipend scheme on the incidence of child labour in a developing economy using a three-sector general equilibrium model. It has been found that the policy may be counterproductive as it lowers both the...

Persistent link: https://www.econbiz.de/10005836138

The modernity of backwardness

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2007

framed in Robert Brenner’s classic critique of World Systems and Dependency Theory. It was originally presented to the July …. However the reverse happens, and development theory is deprived of an adequate explanation for national differentiation in … theory. The paper locates the origin of this failure within the systematic replacement of this theory by an equilibrium re …

Persistent link: https://www.econbiz.de/10005836280

Cost-benefit rules for transport projects when labor supply is endogenous and taxes are distortionary

Fosgerau, Mogens; Pilegaard, Ninette - Volkswirtschaftliche Fakultät, … - 2007

We embed a stylized traffic model within a general equilibrium model in which labor supply is endogenous and income taxes are distortionary. Within this framework we derive simple rules for performing a cost-benefit analysis that can be applied knowing only the output of the traffic model and a...

Persistent link: https://www.econbiz.de/10005836511

On the neutrality of redistribution in a general equilibrium model with public goods

Villanacci, Antonio; Zenginobuz, Unal - Volkswirtschaftliche Fakultät, … - 2001

Models on private provision of public goods typically involve a single private good and linear production technology for the public good. We study a model with several private goods and non-linear (strictly concave) production technology. We revisit the question of “neutrality” of government...

Persistent link: https://www.econbiz.de/10005836782

Rational expectations in urban economics

Berliant, Marcus; Yu, Chia-Ming - Volkswirtschaftliche Fakultät, … - 2009

Canonical analysis of the classical general equilibrium model demonstrates the existence of an open and dense subset of standard economies that possess fully-revealing rational expectations equilibria. This paper shows that the analogous result is not true in urban economies. An open subset of...

Persistent link: https://www.econbiz.de/10005836820

The Futility of Utility: how market dynamics marginalize Adam Smith

McCauley, Joseph L. - Volkswirtschaftliche Fakultät, … - 1999

General Equilibrium Theory in econometrics is based on the vague notion of utility. Prices, dynamics, and market …

Persistent link: https://www.econbiz.de/10005837138

International factor mobility, informal interest rate and capital market imperfection: a general equilibrium analysis

Chaudhuri, Sarbajit; Gupta, Manash Ranjan - Volkswirtschaftliche Fakultät, … - 2011

This paper makes a pioneering attempt to provide a theory of determination of interest rate in the informal credit …

Persistent link: https://www.econbiz.de/10009203652

Increasing returns in matching and labour market dynamics: Comments on indeterminacy and search theory

Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2015

In this note I discuss the condition for indeterminacy in the context of search models with increasing returns in the matching technology. Building on the theoretical framework set forth by Giammarioli (2003), I argue that increasing returns with respect to vacancies at the aggregate level is...

Persistent link: https://www.econbiz.de/10011157018

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