Economies with rights: Efficiency and inequality
Carlos Hervés‐Beloso,
Francisco Martínez‐Concha and
Emma Moreno‐García
Journal of Public Economic Theory, 2024, vol. 26, issue 1
Abstract:
We consider a scenario where inequality levels originate harmful effects on society. To alleviate this negative externality, we introduce tradable consumption licenses within a general equilibrium framework to obtain efficient outcomes, reduce inequality, and improve social welfare. This mechanism would be easily implementable with the necessary support of the law.
Date: 2024
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https://doi.org/10.1111/jpet.12676
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:26:y:2024:i:1:n:e12676
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