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~institution:"Department of Econometrics and Business Statistics, Monash Business School"
~language:"eng"
~person:"Ng, Yew-Kwang"
~subject:"vertical specialization"
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vertical specialization
Lorenz curve
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Environmentally responsible happy nation index
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Gini index Abstract: Sarabia et al. (1999) present a basic model to create ordered families of Lorenz curves
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Value of life
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alimony
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along with basic theorems that describe the conditions for the models to satisfy the definition of the Lorenz curve. Using these basic models
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division of labor
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flexible specialization
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happiness
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they suggest a family which includes several well-known Lorenz models as special cases. This paper first shows that their basic theorems can be generalized. The paper then proceeds to propose additional families of Lorenz models. Finally the performance of some of the models is compared and it is shown that more efficient Lorenz models are possible with the assistance of our generalized result of the Sarabia et al. (1999) basic model
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Ng, Yew-Kwang
Cheung, Waka
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Department of Econometrics and Business Statistics, Monash Business School
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Monash Economics Working Papers
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Duality in an Industry with Fluctuating Demand
Cheung, Waka
;
Ng, Yew-Kwang
-
Department of Econometrics and Business Statistics, …
-
2007
€™s clothing industry, an industry with highly seasonal nature of the
business
cycle. We show that when the market fluctuation is …
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