The distribution of income

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Chapter 8 in Entrepreneurship and the Market Economy, 2024, pp 180-208 from Edward Elgar Publishing

Abstract: This chapter discusses the determinants of the distribution of income within an economy. It shows how the forces of competition and monopoly interact within a segmented market to determine the distribution of income between individual participants. It identifies external factors, such as innovation, obsolescence, and changes in barriers to trade, that can alter the distribution of income. This analysis reinforces many of the key points made in the literature on income distribution, but uses a model that is far more versatile, and more realistic, than existing models.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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