The Economics of Racial Discrimination

Nadeem Naqvi and Ghassem A. Homaifar ()
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Ghassem A. Homaifar: Middle Tennessee State University, Department of Economics and Finance, Postal: 1301 East Main Street, Murfreesboro TN 37132-0001 - USA ,, http://www.mtsu.edu/

Economia Internazionale / International Economics, 2004, vol. 57, issue 3, 333-348

Abstract: In this paper we demonstrate that a Walrasian, competitive general equilibrium is consistent with some agents as a group dying off faster than the rest and having a worse quality of life. This may also be seen as an application of neoclassical labor economics to the problem of race relations in the United States at the turn of the century. Yet another view would indicate that panicle neoclassical model of an economy is rich enough to explain the stylized facts of race relations in the United States. We merely provide an existence result. This sets a lowered standard for the burden of proof of existence, and that makes our task easier.

JEL-codes: J15 J16 J71 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0131

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