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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678

Equilibrium wage distributions

Stiglitz, Joseph E. - 1984

Persistent link: https://www.econbiz.de/10002859729

Rational Polarization

Dorst, Kevin - 2021

Predictable polarization is everywhere. We can often predict the different directions that people’s opinions—including our own—will shift over time. Empirical studies suggest that this is so whenever evidence is ambiguous, a fact that’s often thought to demonstrate human bias or...

Persistent link: https://www.econbiz.de/10013212996

Income inequality in general equilibrium

Bernon, Bastien; Konings, Jozef; Magerman, Glenn - International Research Conference on Household … - 2022

We develop a quantitative framework in which income inequality arises endogenously in response to productivity shocks. The framework accommodates sectoral inputoutput linkages, arbitrary elasticities of factors and intermediates, and heterogeneous workers that endogenously choose to supply their...

Persistent link: https://www.econbiz.de/10013443717

Unemployment, factor substitution, and capital formation

Kaas, Leo; Thadden, Leopold von - 2001

We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...

Persistent link: https://www.econbiz.de/10001553229

The Geometry of Finite Equilibrium Datasets

Balasko, Yves - 2009

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

Unemployment, factor substitution, and capital formation

Kaas, Leo; Thadden, Leopold von - 2001

Persistent link: https://www.econbiz.de/10011419073

Exponential Income Distribution and General Equilibrium Growth : A Survey for the United Kingdom

Tao, Yong - 2019

We provide a theoretical demonstration that an exponential income distribution will emerge spontaneously in a standard Arrow-Debreu general equilibrium model, which is intended to describe the income structure of the low- and middle-class in a well-functioning free-market country. Furthermore,...

Persistent link: https://www.econbiz.de/10012867669

Some equilibrium problems under uncertainty and random variational inequalities

Gwinner, Joachim; Raciti, Fabio - 2012

Persistent link: https://www.econbiz.de/10009688641

The combinatorial assignment problem : approximate competitive equilibrium from equal incomes

Budish, Eric B. - In: Journal of political economy 119 (2011) 6, pp. 1061-1103

Persistent link: https://www.econbiz.de/10009547622