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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.

Item Type: MPRA Paper -

Original Title: Status, Poverty and Trade-

English Title: Status, Poverty and Trade-

Language: English-

Keywords: Inequality, Nutrition good, Poverty, Status good, Trade, Utility-

Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D50 - GeneralD - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: TheoryD - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and MeasurementI - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I32 - Measurement and Analysis of PovertyO - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development-

Author: Marjit, Sugata


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