Redistribution of wealth when knowledge is dispersed

DOI10.1007/BF00433656MaRDI QIDQ1106711zbMATH OpenOpenAlexFDO

Authors Donald E. Campbell

Publication date 1988

Published in Social Choice and Welfare (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf00433656

zbMATH Keywords

adjustment ruleequilibriumredistribution of wealthsecond theorem of welfare economics

Mathematics Subject Classification ID

Social choice (91B14) General equilibrium theory (91B50)

Review text

The second theorem of welfare economics is generalized so that ethical redistribution of wealth can be carried out by the centre by means of an adjustment rule that depends only on prices and an exogenously given feasible allocation x. When equilibrium is achieved each household i will have at least as much utility as it would derive from its component of x.

Recommendations

• Wealth distribution and collective knowledge: a Boltzmann approach
• Wealth redistribution in our small world
• Knowledge as a public good: Efficient sharing and incentives for development effort
• The Theoretical Limits to Redistribution
• Distribution and Mobility of Wealth of Nations
• The redistribution paradox
• The Demand for Information and the Distribution of Income
• Redistribution through markets
• Sulla dinamica dell'allocazione della ricchezza

Cites work

• A Generalization of the Second Theorem of Welfare Economics for Nonconvex Economies
• An equilibrium existence theorem without complete of transitive preferences
• Equilibrium in abstract economies without ordered preferences
• scientific article; zbMATH DE number 3307201 (Why is no real title available?)

Cited in

(2)

• Revealed social preference
• Randomization, revelation, and redistribution in a Lerner world

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