On the inefficiency of inequality [electronic resource] / by Maurice Schiff.
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TextSeries: Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ; no. 1283 | Policy research working papers | World Bank e-LibraryPublication details: Bonn, Germany : IZA, [2004]Additional physical formats: Schiff, Maurice W.: On the inefficiency of inequality.LOC classification: HD5701Online resources: Click here to access online Also available in print.Abstract: "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.
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"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.
Also available in print.
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