A growing literature suggests that inequality is economically costly. However, much of this literature depends on static analyses, begging the question of why a market system doesn't redress inequality over time if it is efficient to do so. We develop a dynamic model of asset accumulation and endogenous asset-price formation in an agrarian economy with multiple market imperfections. The model i...

This paper discusses the dynamic properties of generalized entropy measures of inequality, deriving an explicit expression linking changes in inequality with changes in the growth income. This establishes a time-wise decomposition for the family of generalized entropy measures of inequality, showing that the rate of change in the distribution of income can be divided into two parts. One is pure...

The principal aim of this paper is to identify, in the context of the relationship between openness and growth, factors that can account for the poor growth performance of subSaharan African (SSA) countries. Including inequality as a broad measure of policy distortions, attention focuses on policy and non-policy barriers to trade, indicators of openness and resource endowments. The empirical an...

This paper deals with a new Gronwall-like integral inequality which is a generalization of integral inequalities proved by Engler (1989) and Pachpatte (1992). The new Gronwall-like integral inequality can be used in various problems in the theory of certain class of ordinary and integral equations. 1. Introduction. It is well known that integral inequalities play a very crucial role in the stud...

Hierarchies of semidefinite programs have been used to approximate or even solve polynomial programs. This approach rapidly becomes computationally expensive and is often tractable only for problems of small size. In this paper, we propose a dynamic inequality generation scheme to generate valid polynomial inequalities for general polynomial programs. When used iteratively, this scheme improves...

This paper investigates the properties of a local economy in which personal connections are important in nding jobs. The complementarities in the model generate an interesting nonlinear relationship between the distribution of human capital in the economy, the characteristics of the social network, and equilibrium labor market dynamics. The model is shown to be consistent with a number of styli...

In this manuscript, a new class of extended (m1,m2)-convex and concave functions is introduced. After some properties of (m1,m2)-convex functions have been given, the inequalities obtained with Hölder and Hölder-İşcan and power-mean and improwed power-mean integral inequalities have been compared and it has been shown that the inequality with Hölder-İşcan inequality gives a better approach than...

background exploring changes in health inequality and its determinants over time is of policy interest. accordingly, this study aimed to decompose inequality in neonatal mortality into its contributing factors and then explore changes from 1995-2000 to 2005-2010 in iran.   methods required data were drawn from two iran’s demographic and health survey (dhs) conducted in 2000 and 2010. normalized...

We study the interplay of inequality and trust in a dynamic growth game, in which trust increases efficiency and thus allows higher growth of the laboratory economy in the future. We find that trust is initially high in a treatment starting with equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains relatively stable. The reason i...