The distribution of income in the presence of appropriative activities.
The writers examine the distribution of income when agents allocate initial endowments between production and appropriation. Final output is dependent upon the productive contributions of the agents, but it is divided between them according to their relative contributions in appropriation. Various...
| Published in: | Economica Vol. 64; pp. 101 - 118 |
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| Main Authors: | , |
| Format: | Article |
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Wiley-Blackwell
February 1997
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| Summary: | The writers examine the distribution of income when agents allocate initial endowments between production and appropriation. Final output is dependent upon the productive contributions of the agents, but it is divided between them according to their relative contributions in appropriation. Various possible improvements in an agent's useful productivity reduce the agent's equilibrium share of income, but increases in initial endowments increase an agent's share. |
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