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The Gini coefficient is a well-known measure of income inequality. It corresponds to the percentage of area below the 45
line that is between the 45
line and the Lorenz curve on a graph of cumulative income versus cumulative population. In this paper, new interpretations...
We study the implications of the interaction between human capital and knowledge spillovers for one kind of semi-endogenous economic growth in a region. We focus on two cases. In the first (second) case, there is no growth (growth) in the stock of human capital but knowledge spillovers are...
This paper analyzes the roles of location (rural and urban sectors) and education in the distribution of economic well-being in Indonesia by employing the hierarchical and non-hierarchical decomposition methods of the Theil indices. This is done by using household expenditure data from the...
This paper extends Hwang and Mai (Am Econ Rev 80:567–575, 1990) with an intermediate market to discuss the spatial pricing and social welfare. It is shown that the monopoly will always locate at this intermediate market under discriminatory pricing. Under simple mill pricing, the intermediate...
Farmers engaging in irrigated agriculture are subject to externalities stemming from their neighbours’ operational decisions on water use. Because of the nature of water flow, these externalities are more evident between neighbours in an upstream–downstream relationship rather than in horizontal...
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