On the inefficiency of inequality:

"A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people's consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a mor...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Schiff, Maurice W. 1950- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Bonn, Germany IZA 2004
Schriftenreihe:Discussion paper no. 1283
Online-Zugang:Volltext
Zusammenfassung:"A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people's consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more equal distribution"--Forschungsinstitut zur Zukunft der Arbeit web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 5/4/2005
Erscheinungsjahr in Vorlageform:[2004]
Weitere Ausgabe: Schiff, Maurice W: On the inefficiency of inequality
Beschreibung:1 Online-Ressource (16 Seiten)