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This paper analyses price competition between two firms producing horizontally and vertically differentiated goods. These are assumed to be credence goods, as consumers can hardly ascertain the quality of the commodities. We provide sufficient conditions for the existence of a unique price...
Persistent link: https://www.econbiz.de/10010610483
part through education. In addition to the customary externality source associated with a change in average fertility rate …) Investments in education of high- and low-ability parents must be subsidized; (ii) direct child subsidies to one or both parent … types can be negative; i.e., they can be taxes; (iii) net subsidies to children (direct child subsidies plus education …
Persistent link: https://www.econbiz.de/10008836125
education and to tax births. Second, when the Social Welfare Function does not consist of the average utility, the social … negative. In this case, the optimal economic policy consists in subsidizing births and taxing education. Finally, when the …
Persistent link: https://www.econbiz.de/10008836161
fertility are almost similar; (2) childlessness exhibits a U- shaped relationship with education for both single and married; (3 …) the relationship between marriage rates and education is hump-shaped. We show how family patterns have been shaped by the … rise in education and wage inequality, and by the shrinking gender wage gap. …
Persistent link: https://www.econbiz.de/10010927664
Persistent link: https://www.econbiz.de/10008550183
The purpose of this paper is to demonstrate that inherited human capital is a powerful vector of inequality formation and persistence, irrespective of its links with financial wealth endowment. This paper argues that the agents who inherit a low level of human capital bear a greater utility cost...
Persistent link: https://www.econbiz.de/10005042890
research and education quality. …
Persistent link: https://www.econbiz.de/10005043138
longevity increases the incentive to get education, which in turn has ever-lasting effects on growth through a human capital …
Persistent link: https://www.econbiz.de/10005043227
arts in one way or the other. The literature considers several arguments in favor of such interventions. Education may seem … overlapping generations model in which young consumers are exposed to both public education towards the arts and transmission of … such a taste from their parents and show that the first-best can be reached only if there is both public cultural education …
Persistent link: https://www.econbiz.de/10005043228
characterize a Malthusian corner regime which is characterized by strong gender inequality in education and high fertility. We find … the interior regime, parents consider the impact of their children education on the expected intra-household bargaining … position in their future couple. Education could thus compensate against the institutional and social gender gap that still …
Persistent link: https://www.econbiz.de/10005043490