Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102598
Authors: 
Grossman, Herschel I.
Kim, Minseong
Year of Publication: 
2002
Series/Report no.: 
Working Paper, Brown University, Department of Economics 1997-27
Abstract: 
This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the interpersonal distribution of consumption. SpeciÞcally, we Þnd that in this model the Rawlsian criterion of maximizing the expected consumption of the least advantaged person selects an unegalitarian distribution of productive resources in which a positive fraction of people have only the minimum possible endowment of productive resources. Also, an egalitarian distribution of productive resources is not even Pareto efficient.
JEL: 
D31
D50
D60
D74
Document Type: 
Working Paper

Files in This Item:
File
Size
158.55 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.