Add to ORKGWe show that Grandmont's (1992) model of demand heterogeneity can be a model of heterogeneity in the complementary or sign-balancing sense. By this we mean that heterogeneity has the following form: given a change in price, agents respond heterogenously - some by increasing their expenditure share on a good, others by diminishing it, so that the average expenditure share of all goods remain approximately unchanged.
The existence of light (a \emph{massless} U(1) gauge boson) is one of unresolved mysteries in nature...
Empirical studies have shown that, for many countries, the distribution of wealth is much more conce...
The paper analyses the demand for credit rating services of a continuum of firms. The firms differ i...
In this paper, we develop a growth model in which human being is a production factor which can be co...
In classical information theory the capacity of a noisy communication channel cannot be increased by...
Using a closed-economy model, Jensen (2002) and Walsh (2003), have, respectively shown that a policy...
In numerical computations of astrophysical flows one frequently has to deal with situations which re...
We derive an encoded universality representation for a generalized anisotropic exchange Hamiltonian ...
An exact representation of the Euclidean fermion determinant in two dimensions for centrally symmetr...
Empirical studies have shown that, for many countries, the distribution of wealth is much more conce...
Connections between Statistics and Archaeology have always appeared very fruitful. The objective of ...
This paper quantifies the effects of social security on capital accumulation and wealth distribution...
We study the production of photons through the non-equilibrium relaxation of a disoriented chiral co...
We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 sub...
The paper presents a microeconomic model of human capital formation in a local labour market, with h...
The existence of light (a \emph{massless} U(1) gauge boson) is one of unresolved mysteries in nature...
Empirical studies have shown that, for many countries, the distribution of wealth is much more conce...
The paper analyses the demand for credit rating services of a continuum of firms. The firms differ i...
In this paper, we develop a growth model in which human being is a production factor which can be co...
In classical information theory the capacity of a noisy communication channel cannot be increased by...
Using a closed-economy model, Jensen (2002) and Walsh (2003), have, respectively shown that a policy...
In numerical computations of astrophysical flows one frequently has to deal with situations which re...
We derive an encoded universality representation for a generalized anisotropic exchange Hamiltonian ...
An exact representation of the Euclidean fermion determinant in two dimensions for centrally symmetr...
Empirical studies have shown that, for many countries, the distribution of wealth is much more conce...
Connections between Statistics and Archaeology have always appeared very fruitful. The objective of ...
This paper quantifies the effects of social security on capital accumulation and wealth distribution...
We study the production of photons through the non-equilibrium relaxation of a disoriented chiral co...
We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 sub...
The paper presents a microeconomic model of human capital formation in a local labour market, with h...
The existence of light (a \emph{massless} U(1) gauge boson) is one of unresolved mysteries in nature...
Empirical studies have shown that, for many countries, the distribution of wealth is much more conce...
The paper analyses the demand for credit rating services of a continuum of firms. The firms differ i...