This paper deals with the analysis of the relation between aggregate demand for a consumption good and the distribution of income across consumers. We obtain sufficient conditions under which changes in income inequality lead to an increase or decrease in the market demand elasticities. The...

This paper presents a study of the intertemporal propagation of distributional properties of phenotypes in general polygenic multisex inheritance models with sex- and time-dependent heritabilities. It further analyzes the implications of these models under heavy-tailedness of traits' initial...

Weak convergence of partial sums and multilinear forms in independent random variables and linear processes and their nonlinear analogues to stochastic integrals now plays a major role in nonstationary time series and has been central to the development of unit root econometrics. The present...