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In praise of inequality: income distribution and the private provision of public goods

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

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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.
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/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 09 May 2011 13:19
URL: http://eprints.lse.ac.uk/35861/

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