On the inefficiency of inequality
By: by Maurice Schiff.
Series: Discussion paper ;; no. 1283; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1283
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic 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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 5/4/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.