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Endogenous Ranking and Equilibrium Lorenz Curve-Jan 2013
faculty.wcas.northwestern.edu©Kiminori Matsuyama, Endogenous Ranking and Equilibrium Lorenz Curve - 4 - services available in equilibrium; p(z) the price of a variety z [0,n]; and (s)> 0 a scale parameter. The parameter, σ > 1, is the direct partial elasticity of substitution between each pair