This paper identifies a family of absolute consistent inequality indices using a weakly decomposable postulate suggested by Ebert. Because one member employs an Atkinson type aggregation we refer to it as the Atkinson index of consistent inequality. A second member of this family parallels the Kolm index of inequality. Two innovative features of these indices are that no specific structure is i...

This paper constructs a general equilibrium search-matching model with heterogeneous workers. Workers choose whether to invest in general human capital or specific human capital when they enter the labor market. We analyze how unemployment benefits affect the choice of the type of human capital investment.

The innovative idea of introducing a third party (Ronen,2002) into the agency relationship has motivated our proposal of a co-payment scheme as a solution to financial misreporting. In the co-payment scheme, both the client firm and a third party such as FASB are asked to share the auditing fee. We will demonstrate that the participation of a third party can create an endogenous collusion cost ...

| We analyze a slotted DSCDMA system to guarantee QoS requirements for realtime tra c [1]. A Markovian analysis for realtime tra c and an equilibrium point analysis (EPA) for non-realtime tra c are applied in a heterogeneous environment. Packet losses for realtime tra c, delay times for non-realtime tra c, and wireless link utilization are derived.

The concept of Lucky k-polynomials and in particular Lucky χ-polynomials was recently introduced. This paper introduces Stirling number of the fourth kind and Lucky partitions of a finite set in order to determine either the Lucky k- or Lucky χ-polynomial of a graph. The integer partitions influence Stirling partitions of the second kind.

Innovations that reduce costs of transport from rural locations may also reduce transport costs to rural areas. As transport costs fall, producers can afford to concentrate and achieve economies of scale. This paper explains an initially negative, but ultimately positive, relationship between reductions in transport costs and rural development. A two-region general equilibrium model with firm a...

Models of macroeconomic learning are populated by agents who possess a great deal of knowledge of the “true” structure of the economy, and yet ignore the impact of their own learning on that structure; they may learn about an equilibrium, but they do not learn within it. An alternative learning model is presented where agents’ decisions are informed by hypotheses they hold regarding the economy...

A conventional wisdom in economics is that a model dealing frictionless markets with a large number of agents always yields a Walrasian outcome. In this paper we assess the above argument in a dynamic framework by modeling centralized auction markets, and show that in such markets the outcomes are not necessarily Walrasian; the set of stationary equilibria in our model is a continuum which incl...