Wealth Inequality and Efficiency in the Commons, Part I: The Unregulated Case. Baland, J. & Platteau, J. Oxford Economic Papers1, 49(4):451–482, 1997.
Wealth Inequality and Efficiency in the Commons, Part I: The Unregulated Case [link]Paper  Wealth Inequality and Efficiency in the Commons, Part I: The Unregulated Case [pdf]File  doi  abstract   bibtex   
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.

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