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http://hdl.handle.net/11718/1573| Title: | Pricing economic inequality |
| Authors: | Lahiri, Somdeb |
| Keywords: | economic inequality |
| Issue Date: | 24-Mar-2010 |
| Series/Report no.: | WP;1992/1050 |
| Abstract: | In this paper we propose a mechanism which decentralizes the creation of economic inequality. A personalized price for the public good/bad (i.e. economic inequality), determines the choice of disposable income by an individual. A perfect foresight equilibrium is defined, and a vector of prices which supports a utilitarian optimal solution is obtained. A by product of our analysis, is an income tax profile for the individuals which is compatible with decentralized distributive justice. |
| URI: | http://hdl.handle.net/11718/1573 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1992_1050.pdf | 151.22 kB | Adobe PDF | View/Open |
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