Research " A dissertation submitted in partial satisfaction of the requirements fog the degree Doctor of Philosophy in Economics "

A dissertation submitted in partial satisfaction of the requirements fog the degree Doctor of Philosophy in Economics Graphical illustration of market equilibrium From Theorem 2 and its corollaries, the income distribution in any equilibrium is divided into J quantiles, with wealthier quantiles living in more preferred—higher x jδ +μ j —districts. In Appendix D, I show that this necessary condition is also sufficient for an assignment rule to be an equilibrium allocation. Here, I use these results to construct possible equilibria under different (δ , J) combinations....