de Meza, David, Itaya, Jun-ichi and Myles, Gareth D. (1997) In praise of inequality: income distribution and the private provision of public goods. Economics letters, 57 (3). pp. 289-296. ISSN 0165-1765
Abstract
It is shown that if all individuals contribute towards the provision of a public good their utilities are equalised even if the income distribution is unequal. It may seem that there is then no role for redistributive policy, but it is proved that social welfare can be raised by creating sufficient income inequality that only the rich provide public goods.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.elsevier.com/wps/find/journaldescriptio... |
| Additional Information: | © 1997 Elsevier Science S.A. |
| Uncontrolled Keywords: | public goods, private provision, income distribution |
| Library of Congress subject classification: | H Social Sciences > HB Economic Theory |
| Sets: | Research centres and groups > Managerial Economics and Strategy Group Departments > Management Collections > Economists Online |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| URL: | http://eprints.lse.ac.uk/35861/ |
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