Inequality, Market Imperfections, and Collective Action Problems

Pranab K. Bardhan and Maitreesh Ghatak
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Maitreesh Ghatak: University of Chicago
Authors registered in the RePEc Author Service: Alexander K. Karaivanov ()

Public Economics from EconWPA

Abstract: In this paper we analyze the effects of wealth inequality on the provision of public goods and management of common-property resources (CPR) when there are market imperfections in inputs that are complementary in production to the collective good. We show that for public goods inequality impedes efficiency, while for use of CPRs there is an inverse U-shaped relationship between inequality and efficiency. We discuss the implications of these theoretical results for redistributive policies such as land reform.

JEL-codes: D63 D71 H41 O12 O13 (search for similar items in EconPapers)
Date: 2000-04-04
Note: 25 pages Adobe.pdf
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Related works:
Working Paper: Inequality, Market Imperfections, and Collective Action Problems (1999)
Working Paper: Inequality, Market Imperfections, and Collective Action Problems (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwppe:0004001

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