Resource title

On the Inefficiency of Inequality

Resource image

image for OpenScout resource :: On the Inefficiency of Inequality

Resource description

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.

Resource author

Maurice Schiff

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20549

Resource license

Adapt according to the presented license agreement and reference the original author.