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Predation, Efficiency, and Inequality

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Author Info
Herschel I. Grossman
Minseong Kim

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Abstract

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, we find that in this model the Rawlsian criterion of maximizing the expected consumption of the least advantaged person selects an unegalitarian distribution of productive resources in which a positive fraction of people have only the minimum possible endowment of productive resources. Also, an egalitarian distribution of productive resources is not even Pareto efficient.

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Publisher Info
Article provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.

Volume (Year): 158 (2002)
Issue (Month): 3 (September)
Pages: 393-
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Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200209)158:3_393:peai_2.0.tx_2-o

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Find related papers by JEL classification:
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
D60 - Microeconomics - - Welfare Economics - - - General
D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Grossman, Herschel I & Kim, Minseong, 1995. "Swords or Plowshares? A Theory of the Security of Claims to Property," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1275-88, December. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Dieter Boes & Martin Kolmar, 2000. "Anarchy, Efficiency, and Redistribution," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  2. Herschel I. Grossman, 1997. ""Make Us a King": Anarchy, Predation, and the State," NBER Working Papers 6289, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Herschel I. Grossman & Minseong Kim, 1998. "Human Capital and Predation: A Positive Theory of Educational Policy," NBER Working Papers 6403, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Rodolfo Apreda, 2004. "Corporate Rent-Seeking and the managerial soft-budget constraint," CEMA Working Papers: Serie Documentos de Trabajo. 283, Universidad del CEMA. [Downloadable!]
  5. Grossman, Herschel I., 2005. "Inventors and pirates: creative activity and intellectual property rights," European Journal of Political Economy, Elsevier, vol. 21(2), pages 269-285, June. [Downloadable!] (restricted)
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  6. Herschel I. Grossman, 1999. "Producers and Predators," NBER Working Papers 6499, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  7. P Madden & Z Gu, 2006. "Inequality in the Relative Differential Senseand Predation in a Primitive Economy," The School of Economics Discussion Paper Series 0601, Economics, The University of Manchester. [Downloadable!]
  8. H. I. Grossman & M. Kim, 1999. "Educational Policy: Egalitarian or Elitist?," Working Papers 365, Dipartimento Scienze Economiche, Universita' di Bologna. [Downloadable!]
    Other versions:
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