Research A dissertation submitted in partial satisfaction of the requirements fog the degree Doctor of Philosophy in Economics
Research A dissertation submitted in partial satisfaction of the requirements fog the degree Doctor of Philosophy in Economics
A dissertation submitted in partial satisfaction of the requirements fog the degree Doctor of Philosophy in Economics Graphical illustration of market equilibrium From Theorem 2 and its corollaries, the income distribution in any equilibrium is divided into J quantiles, with wealthier quantiles living in more preferredhigher x jδ +μ j districts. In Appendix D, I show that this necessary condition is also sufficient for an assignment rule to be an equilibrium allocation. Here, I use these resul
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