Geoffrey Brennan and Cliff Walsh contrast the different transfer patterns of Pareto-optimal redistribution of income resulting from our model (American Economic Review, 1969) and from the model used by von Furstenberg and Mueller (FM). They attempt to show that our model is inconsistent and...

When preferences exhibit certain interdependencies, redistributive transfers can make everyone better off. However, the optimal form of such transfers depends on the nature of the postulated externalities. Lump sum transfers cannot achieve some Pareto optima if interdependence involves...

This article summarizes the pilot studies of local regulation in the City of New York of a team of City University of New York students and faculty. It deals with three categories of regulation: permits and licenses, qualitative restrictions on buildings and land use, and price controls. Direct...