Income Distribution in Network Markets

Capital markets integration, growth and income distribution

The paper considers a two-country model of overlapping generation heterogenous economies with intergenerational transfers carried out in the form of bequest and investment in human capital. We examine in competitive equilibrium the transitory and long-run e!ects of capital markets integration. First, we explore how the regime of public education a!ects the dynamics of the integrated economy. Se...

Financial Development And The Distribution Of Income In MENA

The Asymetric Effect of Tax on Income Distribution in Iran

  Abstract The main purpose of this study is to explore the relationship between “direct and indirect taxes” and “inequality of income distribution” in Iran. So, we have used annual time series data of the direct taxes to GDP ratio, indirect taxes to GDP ratio, and the Gini coefficient during 1982-2014. The results of the threshold unit root tests with an asymmetric adjustment show that all va...

Game Model on Income Distribution for Expressway Network Tolling

Reasonable income distribution for expressway network tolling plays a positive role in attracting investors and social funds to accelerate expressway construction and development. Influence factors of the income distribution problem for expressway network tolling were analyzed and the income distribution process of expressway network tolling was further viewed as a bargaining game in the paper....

Tail Risk in Fixed-Income Markets∗

The importance of tail risk for asset pricing has been widely recognized in the literature, but its empirical investigations rest in equity markets mostly. We construct a model-free measure of tail risk for fixedincome markets using a proprietary dataset of swaptions, denoted as TAIL, which captures the price of insuring against extreme movements in interest rate swap rates. We show that TAIL c...