In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …

Let there be two individuals: "rich," and "poor." Due to inefficiency of the income redistribution policy, if a social …

In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …

In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … poor and indifferent to each other. Section 6 reviews the theory of Pareto-efficient redistribution in pure distributive …

additional limit to redistribution is the fact that even very altruistic agents can deliberately reduce its scope because of its …