We consider a two good world where an individual i with income mi has utility function u (x, y), where x ? [0, ?) and y … of his income. Then we consider the following problem. Suppose good x is available in a store at a fixed price 1. Good y …

"We consider a setting in which insiders have information about income that outside shareholders do not, but property … rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent … with outsiders' expectations based on publicly available information rather than true income, resulting in an observed …

in the presence of private information, and then we examine the impact of an exogenous second period income endowment … (collateralizable income) on investment by entrepreneurs. Next, we analyze the interaction between entrepreneurs and venture capitalists … fall in the second period income endowment. In addition, the overhang of the RG's debt discourages entrepreneurial …

Income segregation is found to be a common phenomenon, which imposes far-reaching implications on housing and social … asymmetric relationship between household income and income segregation in Hong Kong, by studying the census data in 2001 and in … income districts, which cannot be explained by the existing theories. We put forward a novel hypothesis, based on a one …

after controlling for realized earnings, wealth and time-invariant unobserved characteristics such as permanent income and …