All Questions
Tagged with wealth microeconomics
3 questions
2
votes
1
answer
877
views
Pareto distribution and Lorenz curve
I am currently studying Pareto distributions and their relation to Lorenz curves but I am having a hard time understanding the concept. If I am understanding correctly, Lorenz curve describes the ...
- 123
3
votes
2
answers
452
views
Statistical distribution of wages and wealth
How are wages distributed globally? Wages do not follow a normal distribution, do they? Is wealth distributed in the same way or differently?
2
votes
1
answer
427
views
The relationship between indirect utility and expenditure functions
I am trying to understand the fact that $e(p, v(p,y)) = y$. There is a proof in the text Advanced Microeconomic Theory (Jehle and Reny) that states the following:
Because $u(·)$ is strictly ...
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