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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20549| Title: | On the Inefficiency of Inequality |
| Keywords: | H21 H23 ddc:330 inequality efficiency Verteilungstheorie Konsumentenverhalten Konsuminterdependenz Einkommensverteilung Wohlfahrtseffekt Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20549 |
| Other Identifiers: | http://hdl.handle.net/10419/20549 ppn:460239260 |
| Appears in Collections: | EconStor |
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