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scrutinizing effects of trade integration on entrepreneurial compensation and endogenous occupational decisions, this model can … among the top earners. In this paper, I study the role of international trade as a catalyst for this development and analyze … individual heterogeneity regarding managerial talents into the framework of intra-industry trade with two symmetric countries. By …
Persistent link: https://www.econbiz.de/10009572266
Normative-based distributional comparisons across countries and over time usually build upon the assumption that individuals are selfish. However, there is a consolidated evidence that individuals also care about what others have. In this paper we propose a framework for comparing and ranking...
Persistent link: https://www.econbiz.de/10012285199
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...
Persistent link: https://www.econbiz.de/10012513281
We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....
Persistent link: https://www.econbiz.de/10003808609
Persistent link: https://www.econbiz.de/10011914753
technology that integrates economies by merging separate social spheres into one. We define a “trembling trade” as a situation in … constructive example reveals that a “trembling trade” can arise even when trade is doubly gainful in that it increases the income …Acknowledging individuals' distaste for low relative income renders trade less appealing when trade is viewed as a …
Persistent link: https://www.econbiz.de/10012917980
technology that integrates two economies by merging separate social spheres into one. We define a “trembling trade” as a … reduced. We show that a “trembling trade” can arise even when trade is more gainful in four ways: through trade the absolute …Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a …
Persistent link: https://www.econbiz.de/10014090906
technology that integrates two economies by merging separate social spheres into one. We define a “trembling trade” as a … reduced. We show that a “trembling trade” can arise even when trade is more gainful in four ways: through trade the absolute …Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a …
Persistent link: https://www.econbiz.de/10014092247
technology that integrates two economies by merging separate social spheres into one. We define a "trembling trade" as a … reduced. We show that a "trembling trade" can arise even when trade is more gainful in four ways: through trade the absolute …Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a …
Persistent link: https://www.econbiz.de/10013315260
The Gini coefficient features prominently in Amartya Sen's 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from socialpsychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10012648303