Please use this identifier to cite or link to this item:
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 | |
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WP 1992_1050.pdf | 151.22 kB | Adobe PDF | View/Open |
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