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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
Conflict can cause negative externalities to arise, and this can result in economic loss. Such externalities are also … this hypothesis, the present paper explores how the degree of conflict between rich and poor people is associated with … where people perceive conflict between rich and poor to be high; (2) an individual is more likely to consider the income …
Persistent link: https://www.econbiz.de/10010384375
We investigate the long-term relationship between conflict-related migration and individual socioeconomic inequality …. Looking at the post-conflict environment of Bosnia and Herzegovina (BiH), a former Yugoslav state most heavily impacted by the … histories. We find that individuals with greater exposure to conflict had systematically worse educational performance and lower …
Persistent link: https://www.econbiz.de/10013163179
spatial inequality, national economic performance, and the incidence of armed conflict. By providing a theoretical rent …
Persistent link: https://www.econbiz.de/10011588047
three rounds of household survey data for Sierra Leone in an attempt to estimate the impact of the conflict on the … experienced a sharp reduction in household expenditure inequality in the immediate aftermath of the conflict with most of the …
Persistent link: https://www.econbiz.de/10014328817
We consider an OLG economy with endogenous investment in human capital. Heterogeneity in individual human capital levels is generated by random innate ability. The production of human capital depends on each individual s investment in education. This investment decision is taken only after...
Persistent link: https://www.econbiz.de/10011507996
It has become conventional wisdom, based partly on postulated portfolio adjustments by investors in risky assets, (1) to view an income tax as equivalent to a tax levied only on the risk free return to capital and as therefore equivalent to a wealth tax; and (2) to view the difference between an...
Persistent link: https://www.econbiz.de/10013065563
This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10012773658
This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production function where public capital is complementary to private capital. A unique invariant steady-state distribution is derived, with three social classes: subsistence workers, 'government...
Persistent link: https://www.econbiz.de/10012771170
This paper examines the impact of mass media and information and communications technologies (ICT) as knowledge-based infrastructures on economic development. The results suggest that both mass media and ICT penetration are negatively associated with corruption. This result holds across both the...
Persistent link: https://www.econbiz.de/10012772149