A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Information and racial exclusion
Abstract We present several economic models of racial segregation and income inequality. The use of race as a signal arises from imperfect information about the return to transactions with particular agents. In a search framework, signaling supports not simply a discriminatory equilibrium, but a pattern of racially segregated transactions, which in turn perpetuates the informational asymmetries. Equilibrium income disparities depend on the relative size of the minority group and on the informational “distance” between races. Under some circumstances, minority agents will self-segregate since they face an adverse selection of majority agents who are willing to trade with them.
Information and racial exclusion
Abstract We present several economic models of racial segregation and income inequality. The use of race as a signal arises from imperfect information about the return to transactions with particular agents. In a search framework, signaling supports not simply a discriminatory equilibrium, but a pattern of racially segregated transactions, which in turn perpetuates the informational asymmetries. Equilibrium income disparities depend on the relative size of the minority group and on the informational “distance” between races. Under some circumstances, minority agents will self-segregate since they face an adverse selection of majority agents who are willing to trade with them.
Information and racial exclusion
Lundberg, Shelly (author) / Startz, Richard (author)
2006
Article (Journal)
Electronic Resource
English
RVK:
ELIB39
/
ELIB45
Local classification FBW:
oek 2608
BKL:
74.80
Demographie
/
83.31$jWirtschaftswachstum
/
74.80$jDemographie$XGeographie
/
83.31
Wirtschaftswachstum
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