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This paper explores how the viability of anarchy depends on the decisiveness parameter that determines the marginal effect of allocating a resource to an appropriative competition. In a one-factor model in which agents use in the appropriative competition the same resource that they are...
Persistent link: https://www.econbiz.de/10014135174
This paper explores the conditions under which a moral disposition is rewarded, in the sense of moral people being more prosperous than amoral people. The analytical framework is a general equilibrium model in which production is more lucrative for moral people than for amoral people, but in...
Persistent link: https://www.econbiz.de/10014135176
This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the inter-personal distribution of consumption. Specifically,...
Persistent link: https://www.econbiz.de/10005823331
This paper offers an explanation for observed differences across countries in educational policies and in resulting interpersonal distributions of human capital. We analyze a general-equilibrium model in which, as a result of the apportionment of natural ability, nurturing, and publicly financed...
Persistent link: https://www.econbiz.de/10005829714
This paper incorporates the economic theory of predation into the theory of economic growth. The analytical framework is a dynamic general-equilibrium model of the interaction between two dynasties, one of which is a potential predator and the other is its prey. Each generation of each dynasty...
Persistent link: https://www.econbiz.de/10005777382
This paper shows how predation breaks the links between an economy's aggregate resourceendowment and aggregate consumption and between the interpersonal distribution of endowments and the interpersonal distribution of consumption. We construct a general-equilibrium model in which some people...
Persistent link: https://www.econbiz.de/10005088878
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