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Ergodic Inequality

Author

Listed:
  • Thomas W. L. Norman

    () (Magdalen College, High Street, Oxford OX1 4AU, UK)

Abstract

Weak conditions are provided under which society’s long-run distribution of wealth is independent of initial asset holdings.

Suggested Citation

  • Thomas W. L. Norman, 2016. "Ergodic Inequality," Games, MDPI, Open Access Journal, vol. 7(3), pages 1-6, June.
  • Handle: RePEc:gam:jgames:v:7:y:2016:i:3:p:14-:d:72724
    as

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    File URL: https://www.mdpi.com/2073-4336/7/3/14/pdf
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    References listed on IDEAS

    as
    1. Abhijit V. Banerjee & Andrew F. Newman, 1991. "Risk-Bearing and the Theory of Income Distribution," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 211-235.
    2. Oded Galor & Joseph Zeira, 1993. "Income Distribution and Macroeconomics," Review of Economic Studies, Oxford University Press, vol. 60(1), pages 35-52.
    3. Loury, Glenn C, 1981. "Intergenerational Transfers and the Distribution of Earnings," Econometrica, Econometric Society, vol. 49(4), pages 843-867, June.
    4. Philippe Aghion & Patrick Bolton, 1997. "A Theory of Trickle-Down Growth and Development," Review of Economic Studies, Oxford University Press, vol. 64(2), pages 151-172.
    5. Thomas Piketty, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," Review of Economic Studies, Oxford University Press, vol. 64(2), pages 173-189.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. repec:eee:hepoli:v:121:y:2017:i:7:p:770-777 is not listed on IDEAS
    2. repec:exl:25engi:v:27:y:2016:i:4:p:462-471 is not listed on IDEAS

    More about this item

    Keywords

    inequality; ergodicity; libertarianism;

    JEL classification:

    • C - Mathematical and Quantitative Methods
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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