Abstract
In this note, we study two principles of proportional transfers which are more egalitarian than the Pigou–Dalton principle of transfer, and derive the constraints that such principles impose on an additive social welfare function in a general setting and on the optimal growth path in an intertemporal setting.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
