Investments in education and welfare in a two-sector, random matching economy

We consider a random matching model where heterogeneous agents choose optimally to invest time and real resources in education. Generically, there is a steady state equilibrium where some agents, but not all of them, invest. Regular steady state equilibria are constrained inefficient in a strong sen...

Full description

Saved in:
Bibliographic details
Volume: 48
Main Author: Mendolicchio, Concetta
Paolini, Dimitri
Pietra, Tito
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: LAUSANNE Elsevier B.V 01.12.2012
ELSEVIER SCIENCE SA
published in: Journal of mathematical economics Vol. 48; no. 6; pp. 367 - 385
Data of publication: December 2012
ISSN: 0304-4068
Discipline: Economics
Mathematics
Subjects:
LAW
Online Access: available in Bonn?
Database: Web of Knowledge
Science Citation Index Expanded
Social Sciences Citation Index
Web of Science
Web of Science - Science Citation Index Expanded - 2012
Web of Science - Social Sciences Citation Index - 2012
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS