Wealth Inequality and Efficiency in the Commons, Part I: The Unregulated Case

Wealth Inequality and Efficiency in the Commons, Part I: The Unregulated Case. Baland, J. & Platteau, J. Oxford Economic Papers1, 49(4):451–482, 1997.

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Does more inequality lead to more efficiency in the management of common property resources? To answer this question, an attempt is made to develop relevant theoretical models and to articulate them with empirical evidence drawn mainly from social science studies. The paper is divided into two parts. In this, the first part, assuming away the possibility of regulatory instruments, we construct a series of arguments pointing to the ambiguous impact of wealth inequality on the efficiency of the equilibrium outcome.

@article{BalandPlatteau1997,
  title = {Wealth Inequality and Efficiency in the Commons, Part {{I}}: The Unregulated Case},
  author = {Baland, Jean-Marie and Platteau, Jean-Philippe},
  year = {1997},
  journal = {Oxford Economic Papers1},
  volume = {49},
  number = {4},
  pages = {451--482},
  doi = {10.1093/oxfordjournals.oep.a028620},
  url = {https://doi.org/10.1093/oxfordjournals.oep.a028620},
  abstract = {Does more inequality lead to more efficiency in the management of common property resources? To answer this question, an attempt is made to develop relevant theoretical models and to articulate them with empirical evidence drawn mainly from social science studies. The paper is divided into two parts. In this, the first part, assuming away the possibility of regulatory instruments, we construct a series of arguments pointing to the ambiguous impact of wealth inequality on the efficiency of the equilibrium outcome.},
  keywords = {Impacts of Wealth Inequality}
}

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