We use OECD members' data to ascertain that new-born technological inventions increase the degree of inequality but that this declines as the technology disperses into the overall economy (e.g., Galor and Tsiddon, 1997; Weil, 2005). Therefore, we show explicitly that Kuznets curve does not converge...

We propose a new location model where consumers are allowed to make multiple purchases (i.e., one unit from each firm). This model fits many markets (e.g. newspapers, credit cards, scholarly journals, subscriptions to TV channels, etc.) better than existing models. A common feature of these...

We propose a new location model where consumers are allowed to make multiple purchases (i.e., one unit from each firm). This model may fit many markets (e.g. newspapers, credit cards) better than existing models. A common feature of these markets is that some consumers are loyal to one brand,...

This paper examines the cubic form hypothesis and the flying geese pattern hypothesis of income distribution. We use the time series data for the Gini coefficients of Korea for 1961-2006 and panel data calculated based on the household income survey for the period 1998-2008. We show; (1) The...