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Wealth inequality and efficiency in the Commons, part II: the regulated case
Abstract
Does more inequality lead to more efficiency in the management of common property resources? To answer this question, an attempt is made to develop relevant theoretical models and to articulate them with empirical evidence drawn mainly from social science studies. The paper is divided into two parts. In this, the second part, it is shown that inequality tends to amplify the distributive effects of regulation when the latter is carried out through the use of second best instruments. As a resuh efficiency gains from regulation must decrease as inequality increases, for all users to gain from such regulation.
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Cites
Coase, R. H. (1960) · The Journal of Law and Economics · doi:10.1086/466560 · Cited by 18,255
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Banerjee, A., & Somanathan, R. (2007) · Journal of Development Economics · doi:10.1016/j.jdeveco.2006.04.005 · Cited by 517
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Metadata
- Authors
- Baland, J.-M., & Platteau, J.-P.
- Venue
- Oxford Economic Papers
- Publisher
- Oxford University Press (OUP)
- Published
- 1998-01-01
- Volume
- 50
- Issue
- 1
- Pages
- 1-22
- ISSN
- 0030-7653 (ISSN-L)
- 1464-3812
- OpenAlex
- W2112565238
- Cited by
- 205
- References
- 1
- FWCI
- 40.02
- Type
- journal article
- Language
- en
- Open access
- closed
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- Baland, J.-M., & Platteau, J.-P. (1998). Wealth inequality and efficiency in the Commons, part II: the regulated case. Oxford Economic Papers. https://doi.org/10.1093/oxfordjournals.oep.a028631
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
