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We consider the problem of determining the individual preference rankings that are necessarily implied by a dataset consisting of prices, income distributions and total resources. We show the equivalence between the compatibility with individual preference rankings and the existence of a...
Persistent link: https://www.econbiz.de/10013160406
We investigate the geometry of finite datasets defined by equilibrium prices, income distributions, and total resources. We show that the equilibrium condition imposes no restrictions if total resources are collinear, a property that is robust to small perturbations. We also show that the set of...
Persistent link: https://www.econbiz.de/10013160524
Persistent link: https://www.econbiz.de/10003826343
Persistent link: https://www.econbiz.de/10003854850
The aim of this paper is to understand the impact of growth on poverty reduction in a right-skewed income distribution setting. Ex- isting literature focuses on the effect of aggregate growth on the mean income of the poor by means of a regression of the latter on the for- mer. This, however,...
Persistent link: https://www.econbiz.de/10010925480