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Let a society’s unhappiness be measured by the aggregate of the levels of relative deprivation of its members. When two … societies of equal size, F and M, merge, unhappiness in the merged society is shown to be higher than the sum of the levels of … marriages are formed such that the number of households in the merged society is equal to the number of individuals in one of …
Persistent link: https://www.econbiz.de/10009127070
Persistent link: https://www.econbiz.de/10009532056
We analyze the impact on a firm's profits and optimal wage rates, and on the distribution of workers' earnings, when workers compare their earnings with those of co-workers. We consider a low-productivity worker who receives lower wage earnings than a high-productivity worker. When the...
Persistent link: https://www.econbiz.de/10008990892
Let a society’s unhappiness be measured by the aggregate of the levels of relative deprivation of its members. When two … societies of equal size, F and M, merge, unhappiness in the merged society is shown to be higher than the sum of the levels of … marriages are formed such that the number of households in the merged society is equal to the number of individuals in one of …
Persistent link: https://www.econbiz.de/10009238652
Persistent link: https://www.econbiz.de/10009273264
In a haystack-type representation of a heterogeneous population that is evolving according to a payoff structure of a prisoner’s dilemma game, migration is modeled as a process of “swapping” individuals between heterogeneous groups of constant size after a random allocation fills the...
Persistent link: https://www.econbiz.de/10003737739
Let a society’s unhappiness be measured by the aggregate of the levels of relative deprivation of its members. When two … societies of equal size, F and M, merge, unhappiness in the merged society is shown to be higher than the sum of the levels of … marriages are formed such that the number of households in the merged society is equal to the number of individuals in one of …
Persistent link: https://www.econbiz.de/10014179243
Persistent link: https://www.econbiz.de/10001348677
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience, and we reason...
Persistent link: https://www.econbiz.de/10011578809
Persistent link: https://www.econbiz.de/10001583851