Showing 1 - 10 of 15
This paper explores the extent to which the presence of ex-ante transaction costs may lead to failures of the Coase Theorem. In particular we identify and investigate the basic 'hold-up problem' which arises whenever the parties to a Coasian negotiation have to pay some ex-ante costs for the...
Persistent link: https://www.econbiz.de/10012771157
"Measured by the Gini coefficient, income inequality in Brazil rose from 0.57 in 1981 to 0.63 in 1989, before falling back to 0.56 in 2004. This latest figure would lower Brazil's world inequality rank from 2nd (in 1989) to 10th (in 2004). Poverty incidence also followed an inverted U-curve over...
Persistent link: https://www.econbiz.de/10010522193
"Just as equality of opportunity becomes an increasingly prominent concept in normative economics, the authors argue that it is also a relevant concept for positive models of the links between distribution and aggregate efficiency. Persuasive microeconomic evidence suggests that inequalities in...
Persistent link: https://www.econbiz.de/10010522244
Persistent link: https://www.econbiz.de/10010523263
Persistent link: https://www.econbiz.de/10010523459
Persistent link: https://www.econbiz.de/10010524975
Persistent link: https://www.econbiz.de/10010525224
Persistent link: https://www.econbiz.de/10002470158
Persistent link: https://www.econbiz.de/10002470180
This paper investigates possible explanations for the increases in inequality observed in Brazil during the 1980s. While the static decompositions of inequality by household characteristics reveal that education and race of the household head, as well as geographic location, can account for a...
Persistent link: https://www.econbiz.de/10012772658