Showing 1 - 10 of 12,341
We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find...
Persistent link: https://www.econbiz.de/10001557033
We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...
Persistent link: https://www.econbiz.de/10011476573
Persistent link: https://www.econbiz.de/10000976295
Persistent link: https://www.econbiz.de/10001371644
Persistent link: https://www.econbiz.de/10000423102
Persistent link: https://www.econbiz.de/10000008925
This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which...
Persistent link: https://www.econbiz.de/10002759926
Persistent link: https://www.econbiz.de/10002795507
Persistent link: https://www.econbiz.de/10011899519
Persistent link: https://www.econbiz.de/10012021672