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Statistical Bounds on Equity

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Author Info
Daniel Badagnani

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Abstract

We derive the most probable distribution of resources for a simple society. We find that a probabilistic analysis forbids both too much and too less equity, and selects instead a minimally ordered state. We give the detailed calculations for a special model where the population and resources are fixed, and resources are owned only by individuals. We show that in general the equity is greater whenever the volume of the indifference manifold grows faster as a function of individual rent.

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Publisher Info
Paper provided by EconWPA in its series Game Theory and Information with number 0209002.

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Length: 6 pages
Date of creation: 18 Sep 2002
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Handle: RePEc:wpa:wuwpga:0209002

Note: Type of Document - PostScript; prepared on PC/MS-DOS; to print on PostScript; pages: 6; figures: none
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Web page: http://129.3.20.41

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Related research
Keywords: statistics; statistical mechanics; distribution;

Find related papers by JEL classification:
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D8 - Microeconomics - - Information, Knowledge, and Uncertainty

This paper has been announced in the following NEP Reports:

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