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Browsing School of Economics and Finance · Te Kura Ohaoha Pūtea: Working Paper Series by Author "Townsend, Wilbur"

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Browsing School of Economics and Finance · Te Kura Ohaoha Pūtea: Working Paper Series by Author "Townsend, Wilbur"

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  • Krawczyk, Jacek B; Townsend, Wilbur (2015)
    We provide an introduction to a model of social inequality dynamics. Because capital is distributed less equally than labour, we propose that that one of the main forces driving income inequality is the ratio of factor ...
  • Chu, Yu-Wei Luke; Townsend, Wilbur (2017)
    Most U.S. states have passed medical marijuana laws. In this paper, we study the effects of these laws on violent and property crime. We first estimate models that control for city fixed effects and flexible city-specific ...
  • Krawczyk, Jacek B; Townsend, Wilbur (2015)
    This paper examines whether changes in New Zealand income inequality can be attributed to the shares of national income taken by capital and labour. Data on income inequality aggregates both capital income (rents, interest, ...
  • Krawczyk, Jacek B; Townsend, Wilbur (2014)
    A powerful method for computing Nash equilibria in constrained, multi-player games is created when the relaxation algorithm and the Nikaido-Isoda function are used within a MATLAB application. This paper describes that ...
  • Krawczyk, Jacek B; Townsend, Wilbur (2015)
    Governments want to prevent high inequality while maintaining economic effi ciency. This paper investigates how an economy can satisfy both these constraints. We use the relative factor share as a proxy for inequality and ...

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