WEALTH INEQUALITY AND EFFICIENCY IN THE COMMONS PART I: THE UNREGULATED CASE
Identifieur interne : 001883 ( Istex/Corpus ); précédent : 001882; suivant : 001884WEALTH INEQUALITY AND EFFICIENCY IN THE COMMONS PART I: THE UNREGULATED CASE
Auteurs : Jean-Marie Baland ; Jean-Philippe PlatteauSource :
- Oxford Economic Papers [ 0030-7653 ] ; 1997-10.
Abstract
Does more inequality lead to more efficiency in the management of common property resources? To answer this question, an attempt is made to develop relevant theoretical models and to articulate them with empirical evidence drawn mainly from social science studies. The paper is divided into two parts. In this, the first part, assuming away the possibility of regulatory instruments, we construct a series of arguments pointing to the ambiguous impact of wealth inequality on the efficiency of the equilibrium outcome.
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DOI: 10.1093/oxfordjournals.oep.a028620
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