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Interest in economic mobility stems largely from its perceived role as an equalizer of opportunities, though not necessarily of outcomes. In this paper we show that this view leads very naturally to a methodology for the measurement of social mobility which has strong parallels with the theory...
Persistent link: https://www.econbiz.de/10005207606
We study the evolution of preferences via payoff monotonic dynamics in strategic environments with and without complete information. It is shown that, with complete information and subgroup matching, empirically plausible interdependent preference relations may entail the local instability of...
Persistent link: https://www.econbiz.de/10005264310
Persistent link: https://www.econbiz.de/10005264488
Persistent link: https://www.econbiz.de/10005826775
The Lorenz-Pareto Optimal Frontier of a collective choice problem indentifies a (usually quite large) subset of all Pareto optimal outcomes which are not inegalitarian according to the Lorenz criterion. We study the basic properties of Lorenz-Pareto optimal choice functions and in particular...
Persistent link: https://www.econbiz.de/10005826798
This paper studies the conditions under which the basic results of the re vealed preference theory can be established on the domain of choice problems which include non-convex feasible sets, the exercice is closely related to the works of Peters and Wakker (1991) and Bossert (1994).
Persistent link: https://www.econbiz.de/10005826830
We consider two person bargaining games with independent preferences, with and without bilateral incomplete information. We show that, both in the ultimatum game and in the two-stage alternating-offers game, our equilibrium predictions are fully consistent with all robust experimental...
Persistent link: https://www.econbiz.de/10005605588
We study the problem of ranking distributions of opportunity sets on the basis of equality.
Persistent link: https://www.econbiz.de/10005605711
We study the evolution of preference interdependence in aggregative games which are symmetric with respect to material payoffs but asymmetric with respect to player objective functions. Specifically, some players have interdependent preferences (in the sense that they care not only about their...
Persistent link: https://www.econbiz.de/10005611746
Using two unifying models and an empirical exercise, this paper presents and extends the main theories linking income distribution and growth, as well the relevant empirical evidence.
Persistent link: https://www.econbiz.de/10005264451