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Pursuit Of Relative Utility And Division Of Labor

In: Inframarginal Contributions To Development Economics

Author

Listed:
  • Jianguo Wang

    (National University of Singapore, Singapore)

  • Xiaokai Yang

    (Monash University, Australia)

Abstract

The following sections are included:IntroductionA Model with Two Consumer Goods and M Consumer-ProducersSpecification of the modelIndividuals' decision problems and corner solutionsCorner equilibrium and general equilibrium and its comparative staticsA Model with N Consumer Goods and M Consumer-ProducersConcluding RemarksReferences

Suggested Citation

  • Jianguo Wang & Xiaokai Yang, 2006. "Pursuit Of Relative Utility And Division Of Labor," World Scientific Book Chapters, in: Christis Tombazos & Xiaokai Yang (ed.), Inframarginal Contributions To Development Economics, chapter 6, pages 111-133, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812774255_0006
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    Keywords

    Inframarginal; Transaction Costs; Division of Labor;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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