Arbeitspapier
Predation, Efficiency, and Inequality
This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the interpersonal distribution of consumption. SpeciÞcally, we Þnd that in this model the Rawlsian criterion of maximizing the expected consumption of the least advantaged person selects an unegalitarian distribution of productive resources in which a positive fraction of people have only the minimum possible endowment of productive resources. Also, an egalitarian distribution of productive resources is not even Pareto efficient.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 1997-27
- Klassifikation
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
General Equilibrium and Disequilibrium: General
Welfare Economics: General
Conflict; Conflict Resolution; Alliances; Revolutions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Grossman, Herschel I.
Kim, Minseong
- Ereignis
-
Veröffentlichung
- (wer)
-
Brown University, Department of Economics
- (wo)
-
Providence, RI
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Grossman, Herschel I.
- Kim, Minseong
- Brown University, Department of Economics
Entstanden
- 2002
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