This paper examines the steady states of an overlapping generations economy with a given distribution of household locations over a one-dimensional interval. Parents decide whether or not to educate their children. Educational decisions are affected by location: There are local complementarities...

Introducción. La teoría neoclásica tradicional trata la empresa como una "caja negra". Se la enfoca como una función de producción que transforma los insumos en productos de una manera exógena. Sin embargo. el trabajo empírico de Abramovitz, Solow, y Denison sobre los determinantes del...

We study cooperative behavior in communities where the flow of infor- mation regarding past conduct is limited or missing. Players are initially randomly matched with no knowledge of each other's past actions; they endogenously decide whether or not to continue the repeated relationship. There...

This paper explores the policy implications that are obtained once it is recognized that at low nutrition intakes a person's "productivity" is an increasing function of intake. In the context of a fully general equilibrium model it is shown that if aggregate assets in an economy are neither...

Can historical wealth distributions affect long-run output and inequality despite "rational" saving, convex technology and no externalities? We consider a model of equilibrium short-period financial contracts, where poor agents face credit constraints owing to moral hazard and limited liability....

This paper provides a systematic classification of the different measures of polarization based on their properties. Together with the axioms proposed in Duclos, Esteban and Ray (2004) and in Wang and Tsui (2000) we consider three additional properties. We examine which properties are common to...

We present a model of conflict, in which discriminatory government policy or social intolerance is responsive to various forms of ethnic activism, including violence. It is this perceived responsiveness ? captured by the probability that the government gives in and accepts a proponed change in...

In this paper we study a behavioral model of conflict that provides a basis for choosing certain indices of dispersion as indicators for conflict. We show that the (equilibrium) level of conflict can be expressed as an (approximate) linear function of the Gini coefficient, the...