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Página 48
Because of the free - rider problem , maximizing the welfare of the rich will require the government to make transfers to the poor . The government therefore sets up a transfer program . Under this program the poor person receives an ...
Because of the free - rider problem , maximizing the welfare of the rich will require the government to make transfers to the poor . The government therefore sets up a transfer program . Under this program the poor person receives an ...
Página 49
The government transfer can then be thought of as foreign aid . II . Government Transfer Policy When Citizens Can Commit each rich individual's expected utility will be YR - T / 2 + 8u ( yp + TL ) , and the welfare of the rich will be ...
The government transfer can then be thought of as foreign aid . II . Government Transfer Policy When Citizens Can Commit each rich individual's expected utility will be YR - T / 2 + 8u ( yp + TL ) , and the welfare of the rich will be ...
Página 52
resources were transferred from the rich to the poor . These inefficiencies mean that the government may be unable to achieve the welfare level W for the rich with unconditional transfers.8 PROPOSITION 1 : Suppose that the poor person ...
resources were transferred from the rich to the poor . These inefficiencies mean that the government may be unable to achieve the welfare level W for the rich with unconditional transfers.8 PROPOSITION 1 : Suppose that the poor person ...
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Índice
Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
Direitos de autor | |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers