The interplay between two-dimensional percolation growth models and one-dimensional particle processes has been a fruitful source of interesting mathematical phenomena. In this paper we develop a connection between the construction of Busemann functions in the Hammersley last-passage percolation model with i.i.d. random weights, and the existence, ergodicity and uniqueness of equilibrium (or ti...

Data on the incomes of families with a severely disabled child were obtained by replicating the Family Expenditure Survey. These data were compared with income data from a control group of families with children, drawn from the FES for the same period. The participation rates, hours, and earnings of the women with a disabled child were all found to be substantially lower than those of women in ...

This paper provides evidence against the argument that the rich prevent the poor from obtaining public education in unequal developing democracies. In Brazilian municipalities with low median incomes, voters are significantly less likely to reelect incumbent candidates from parties that increased the number of local public primary schools during their terms. This is not true for municipalities ...

Analysed in this paper are national health accounts estimates for 191 WHO Member States for 1997, using simple comparisons and linear regressions to describe spending on health and how it is financed. The data cover all sources - out-of-pocket spending, social insurance contributions, financing from government general revenues and voluntary and employment-related private insurance - classified ...

Different family types may have a fixed flow of consumption costs related to subsistence needs. We use a survey approach in order to identify and estimate such a fixed component of spending for different families. Our method involves making direct questions about the linkup between aggregate disposable family income and well-being for different family types. Conducting a pilot version of our su...

We model high income earners as sellers of quality services in a competitive assignment framework. Sellers (high income earners) are differentiated by ability; buyers by their taste for the service. There is assortative matching of buyers and sellers. We show that conventional optimal tax formulas are modified both by a social concern for buyers and an altered mapping of the talent into the inc...

In the literature on stagflation, various supply-side ‘incomes policies’ have been suggested as short-run stabilizing responses to imported materials price shocks of the kind experienced in the 1970s and 1980s. This study exploits recent developments in non-linear continuous-time econometrics to revisit the issue in three ways. First, it examines how a model of an economy susceptible to stagfla...