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The Pareto Principle Of Optimal Inequality

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  • Antoine Bommier
  • Stéphane Zuber

Abstract

The Pareto principle is often viewed as a mild requirement compatible with a variety of value judgements. In particular, it is generally thought that it can accommodate different degress of inequality aversion. We show that this is generally not true in time consistent intertemporal models where some uncertainty prevails.

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Bibliographic Info

Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.

Volume (Year): 53 (2012)
Issue (Month): 2 (05)
Pages: 593-608

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Handle: RePEc:wly:iecrev:v:53:y:2012:i:2:p:593-608

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