On the duality between prior beliefs and trading demands
The prior beliefs and trading demands of bets share a duality relationship for any given individual. A second duality relationship is aggregated between common prior beliefs and trading possibilities. The no trade theorem and its converse are derived from this relationship.
Publication Name: Journal of Economic Theory
Did expanding the EITC promote motherhood?
The impact of the Earned Income Tax Credit (EITC) in increasing fertility through its generous benefits to families with children is studied. The results confirm that the positive effects of EITC is larger for nonwhite families, rather than for white families.
Publication Name: American Economic Review
- Abstracts: On the structural stability of trade equations: the case of Japan. Measurement of the unexpected US trade deficit
- Abstracts: Principal-agent problems in early trading companies: a tale of two firms. Price Expectations of Business Firms: Bias in the Short and Long Run
- Abstracts: Prenatal care demand and birthweight production of black mothers. The softness of medical production and implications for specifying hospital outputs
- Abstracts: Potential problems in estimating bilinear time-series models. Wheat from chaff: meta-analysis as quantitative literature review
- Abstracts: Hours reductions as work-sharing. The shut-down option and profit sharing. Coalitions, incentives, and risk sharing