Status, Poverty and Trade

Sugata Marjit and Punarjit Roychowdhury

MPRA Paper from University Library of Munich, Germany

Abstract: The conflict between the income based and nutrition based estimates of poverty is a widely debated issue in economic literature. This paper, using a two commodity framework, attempts to show that in presence of inequality, a status driven utility function can reconcile the conflict between the two measures of poverty. In addition, a simple general equilibrium model using such a utility function is constructed to analyse the implications of social inequality on relative prices and the emerging pattern of trade.

Keywords: Inequality; Nutrition good; Poverty; Status good; Trade; Utility (search for similar items in EconPapers)
JEL-codes: D11 D50 D63 I32 O12 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33730

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