Journal article
The distribution of income inthe presence of appropriative activities
Economica (London), Vol.64(253)
01 Feb 1997
Abstract
The distribution of income when agents allocate their initial endowments between production and appropriation is examined. Final output depends on the productive contributions of the agents but is divided between them according to their relative contributions in appropriation. Various possible improvements in an agent's equilibrium share of income, but increases in initial endowments increase an agent's share. The results are contrasted to those that would obtain the competitive counterpart to our model and discuss its relevance both for history and for the present. The results extend to a class of models where distribution is determined between two groups of agents, with agents within each group behaving non-cooperatively but without exhibiting the free-rider problem.
Metrics
1 Record Views
Details
- Title
- The distribution of income inthe presence of appropriative activities
- Creators
- Stergios SkaperdasConstantinos Syropoulos
- Publication Details
- Economica (London), Vol.64(253)
- Publisher
- Blackwell Publishing Ltd
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Identifiers
- 991021807110704721