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This paper synthesizes, in one Leontief economic model, the arguments of exploitation and unequal distribution of wealth by Roemer (1982,1986) and of the power relationship between employers and employees concerning the labor extraction by Boyles and Gintis (1988,1990). The author introduces the...
Persistent link: https://www.econbiz.de/10005780309
This paper develops a model of luxury goods by incorporating weakly non-separable, recursive preferences. In a two-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain conditions, it is identical to a luxury good. Consumers...
Persistent link: https://www.econbiz.de/10005639247
Persistent link: https://www.econbiz.de/10008602846
Persistent link: https://www.econbiz.de/10008602880
This paper synthesizes, in one Leontief economic model, the arguments of exploitation and unequal distribution of wealth by Roemer (1982,1986) and of the power relationship between employers and employees concerning the labor extraction by Boyles and Gintis (1988,1990). The author introduces the...
Persistent link: https://www.econbiz.de/10008602992
This paper develops a model of luxury goods by incorporating weakly non-separable, recursive preferences. In a two-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain conditions, it is identical to a luxury good. Consumers...
Persistent link: https://www.econbiz.de/10008466547
Persistent link: https://www.econbiz.de/10005670058
Persistent link: https://www.econbiz.de/10005670069