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Persistent link: https://www.econbiz.de/10005086692
economics of such a tax in a model of trading in a financial market where some agents have superiror information. We show that … revelation of information changes risk-sharing opportunities in the market. It is possible for the introduction of a tax to cause …
Persistent link: https://www.econbiz.de/10005697763
Recent research on household behavior suggests that, ceteris paribus, a woman's "power" within a household influences consumption and time allocation choices. From an empirical point of view, a central stumbling block in this line of inquiry has been identification of sources of "power" that can...
Persistent link: https://www.econbiz.de/10005545489
Persistent link: https://www.econbiz.de/10005775917
Recent research on household behavior suggests that, ceteris paribus, a woman's "power" within a household influences consumption and time allocation choices. From an empirical point of view, a central stumbling block in this line of inquiry has been identification of sources of "power" that can...
Persistent link: https://www.econbiz.de/10005779817
In two related papers, Kanedo (1977, 1977a) has proved an equibalence theorem relating the set of ratio equilibria of a public goods economy to the core of a strong voting game. This paper extends in two ways Kaneko's analysis to economies with jurisdictions, each producing a spedific public good.
Persistent link: https://www.econbiz.de/10005634039
At a Nash-Walras equilibrium, individuals exchange commodities competitively, and, simultaneously, they interact strategically. Under standard assumptions, Nash-Walras equilibria exist, equilibrium profiles of actions are, typically, determinate byt Pareto suboptimal, though not constrained...
Persistent link: https://www.econbiz.de/10005207647