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This paper studies the constructive nature of social welfare orders on infinite utility streams defined on X= Y^N, satisfying the Pigou-Dalton transfer principle (PD), which are known to be representable (see Alcantud (2010) and Sakamoto (2012)).We describe the restrictions on domain Y for...
Persistent link: https://www.econbiz.de/10013005938
This paper investigates the effects of trade openness and conflict risk on income inequality. Arguing that the interaction between trade openness and conflict risk plays an important role in explaining income inequality, I employ a sample of 39 developing countries covering the period 1984-1999,...
Persistent link: https://www.econbiz.de/10013101576
We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....
Persistent link: https://www.econbiz.de/10012756257
This paper uses revealed preference inequalities to provide tight nonparametric bounds on consumer responses to price changes. Price responses are allowed to vary nonparametrically across the income distribution by exploiting microdata on consumer expenditures and incomes over a finite set of...
Persistent link: https://www.econbiz.de/10008700152
Sharp nonparametric bounds are derived for Hicksian compensating and equivalent variations. These 'i-bounds' generalize earlier results of Blundell, Browning and Crawford (2008). We show that their e-bounds are sharp under the Weak Axiom of Revealed Preference (WARP). They do not require...
Persistent link: https://www.econbiz.de/10013101454
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Equity of access to health care is a key component of national and international health policy. The Irish health-care system is unusual in requiring the majority of the population to pay the full cost of GP care at the point of use. In contrast, all Scottish residents are entitled to free GP...
Persistent link: https://www.econbiz.de/10009737610
The paper analyses the changes in tax policy, tax/GDP ratios, tax incidence and income inequality which have taken place in Latin America during the last decade against the background of the changes observed in these variables during the liberal years of the 1980s and 1990s. The paper argues...
Persistent link: https://www.econbiz.de/10010280161