The Economics of Racial Discrimination
AbstractIn this paper we demonstrate that a Walrasian, competitive general equilibrium is consistent with some agents as a group dying off faster than the rest and having a worse quality of life. This may also be seen as an application of neoclassical labor economics to the problem of race relations in the United States at the turn of the century. Yet another view would indicate that panicle neoclassical model of an economy is rich enough to explain the stylized facts of race relations in the United States. We merely provide an existence result. This sets a lowered standard for the burden of proof of existence, and that makes our task easier.
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Bibliographic InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 57 (2004)
Issue (Month): 3 ()
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Find related papers by JEL classification:
- J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
- J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
- J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
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