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This paper extends the Samuelsonian overlapping generations general equilibrium framework to encompass a variety of altruistic preferences by recasting it into a Lindahl equilibrium framework. The First and the Second Welfare theorems hold for Lindahl equilibrium with respect to the Malinvaud...
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Using the NLSY79 and the NLSY79 Children and Young Adults datasets, this paper formulates, provides conditions for parametric and non-parametric identification and empirically estimates the parameters of an altruistic model of parental preschool investment within a structural dynamic programming...
Persistent link: https://www.econbiz.de/10008636458
This paper pays tribute to Professor Suresh Tendulkar’s contribution and scholarship to economics, economic-policy making, and economic reforms in India. The paper’s scope is by no means exhaustive, and primarily focuses on his contributions on economic planning in India, the political...
Persistent link: https://www.econbiz.de/10010905925
We consider trade liberalization in a multilateral trade model, where countries have identical, homothetic tastes but may have different constant returns to scale technologies that produce at least two goods from at least two factors. We introduce the notion of a world equilibrium with transfers...
Persistent link: https://www.econbiz.de/10005237116
Application of some new results in industrial organisation to trade theory have provided a better explanation of some stylized facts by being able to recognise features such as increasing returns to scale and non-competitive market structure. Another kind of such applications have generated...
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