Optimal Income Redistributions, That Are Not Pareto-Optimal

Dave Furth

No 293060, University of Amsterdam, Actuarial Science and Econometrics Archive from University of Amsterdam, Faculty of Economics and Business

Abstract: The purpose of this paper is to give necessary conditions for income redistributions that are optimal in some sense, but not Pareto-optimal. A distinction is made between optimal distributions and distributions that can be improved upon through transfers. A further distinction is made between cooperative and non-cooperative redistributions; the last ones including Nash-equilibria. For noncooperative redistributions there is, depending on the initial income-distribution, the possibility of free-riders.

Keywords: Consumer/Household Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 33
Date: 1982-12
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Persistent link: https://EconPapers.repec.org/RePEc:ags:amstas:293060

DOI: 10.22004/ag.econ.293060

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