The American Economic Review, Volume 70,Edições 3-5American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 462
... individual 1 initially has 0.5 of the median ( mean ) income of individual ( 2 ) . Individual 3 has 1.5 the income of individual 2. The units of incomes on the vertical ordinate are four , eight , and twelve , respectively ...
... individual 1 initially has 0.5 of the median ( mean ) income of individual ( 2 ) . Individual 3 has 1.5 the income of individual 2. The units of incomes on the vertical ordinate are four , eight , and twelve , respectively ...
Página 463
... individual 3 , as a buyer , moving to the right on the diagram , and individual 1 , as a seller , moving to the left . The only difference between this and the market result is that an income transfer has taken place . Individual 1 at K ...
... individual 3 , as a buyer , moving to the right on the diagram , and individual 1 , as a seller , moving to the left . The only difference between this and the market result is that an income transfer has taken place . Individual 1 at K ...
Página 467
... individual's wealth at the beginning of another period and round of voting , but instead constrains the individual's purchases and consumption of private goods at the exchange stage during the current period.2 Simply because a ...
... individual's wealth at the beginning of another period and round of voting , but instead constrains the individual's purchases and consumption of private goods at the exchange stage during the current period.2 Simply because a ...
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adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand functions differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive preferences price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero