Showing 1 - 10 of 28
We examine demand behaviour for intertemporal dependencies, using Spanishpanel data. We present evidence that there is both state dependence and correlatedheterogeneity in demand behaviour. Our specific findings are that food outside thehome, alcohol and tobacco are habit forming whereas...
Persistent link: https://www.econbiz.de/10005212566
This paper explores the relative progressivity of the main bankruptcy rules in taxation problems. A rule F is more progressive than a rule G when the after-tax income vector generated by F Lorenz dominates that generated by G. We focus our analysis on four classical rules (proportional,...
Persistent link: https://www.econbiz.de/10005212569
In this paper we analyze the effect of female labor force participation on income inequality. We present evidence from Spain by using data from the Family Expenditure Survey for 1980 and 1990. The case of Spain is particulary interesting because inequality decreased over the eighties, while the...
Persistent link: https://www.econbiz.de/10005212591
A diagonal image may be defined as a point in the image of agiven mapping, whose components are all equal. This paper investigates sufficient conditions for a set-valued mapping to have quasi-diagonal images(in an extended sense). More specifically, we shall show that anupper-hemicontinuous...
Persistent link: https://www.econbiz.de/10005212600
This paper deals with the analysis of allocation problems with single peaked preferences, under the condition of agenda-independence (that is, when the allocation rule yields the same final outcome, no matter how the problem is subdivided into partial problems). Since the Uniform rule does not...
Persistent link: https://www.econbiz.de/10008542859
The problem of distributing a given amount of a divisible good among a set of agents which may have individual entitlements is considered here. A solution to this problem, called the Rights-Egalitarian Solution, is proposed and characterized. This allocation rule divides equally among the agents...
Persistent link: https://www.econbiz.de/10008542878
This paper examines the empirical relevance of an intertemporal model of consumption with dynamically inconsistent decision makers. The model has testable implications concerning the relation between the consumers' degrees of short-run patience (self-control) and their consumption-saving...
Persistent link: https://www.econbiz.de/10005731217
This paper deals with the measurement of efficiency differences among countries within a federation. The key tool is the use of a suitable interpretation of the non-substitution theorem in order to get a natural technological standard. Two alternative indices are proposed. One provides a...
Persistent link: https://www.econbiz.de/10005731220
It is shown in this paper how for any parametrically given rate of profits p, a price vector and an allocation exist such that: (a) Consumers maximize their preferences subject to their budget constraints; (b) Firms maximize profits; (c) Al1 active firms are equally profitable (with a rate of...
Persistent link: https://www.econbiz.de/10005731235
An economy with l commodities, m consumers and n firms is considered. Consumers are modelled in a standard way. It is assumed that the jth firm has a closed and comprehensive production set, Y with O E Y. The equilibrium of firms appears associated to the notion of a pricing rule (a mapping...
Persistent link: https://www.econbiz.de/10005731264