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"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of …
Persistent link: https://www.econbiz.de/10009468354
returns, debt, and leverage. The regime-switching generates i) multimodal distributions of the variables above; ii) time …
Persistent link: https://www.econbiz.de/10012524850
inequality. However, this is the net result of reduced differences at the bottom and increased differences at the top. So there …
Persistent link: https://www.econbiz.de/10012529955
that the constrained-efficient allocation features more wealth inequality than the competitive equilibrium …
Persistent link: https://www.econbiz.de/10012530491
Rationale This article presents annual distributions of aggregate wealth and debt components of Spanish households by … wealth and debt accounts allow us to monitor the distribution of aggregate wealth and debt among different groups of … two quintiles of the income distribution saw their share of total housing wealth and debt for purposes other than house …
Persistent link: https://www.econbiz.de/10014371535
reducing inequality. Educated workers in these countries have a much lower birth rate than uneducated workers. Assuming … incorporating this effect generates multiple stedy-state levels of inequality, suggesting that in some circumstances, temporarily … increasing access to educational opportunities could permanently reduce inequality. Empirical evidence suggests that the …
Persistent link: https://www.econbiz.de/10009471590
A new strand of literature has recently sought to investigate possible links between technological changes, observed modifications to firms' organizational structure and the evolution of the wage gap between skilled and unskilled workers. After a brief overview of such approaches, this essay...
Persistent link: https://www.econbiz.de/10009471673
ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in … market issues established by human capital theory with the general equilibrium-leddebate on trade and the functional … ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in …
Persistent link: https://www.econbiz.de/10009471731
"In particular, the academic debate over the best prediction about the behavior of people that use a common-pool resource (CPR), and the recommended policy approaches to the CPR dilemma have undergone a very interesting evolution throughout the last 3 decades of the pastcentury, since the...
Persistent link: https://www.econbiz.de/10009468435
potentialearly warning indicators that are suggested by theory. Alongsideothers, these candidate indicators are tested in …
Persistent link: https://www.econbiz.de/10009471830