Redistribution of wealth when knowledge is dispersed
type: Item
instance of: scholarly article
title: Redistribution of wealth when knowledge is dispersed
zbMATH Open document ID: 0651.90011
DOI: 10.1007/BF00433656
published in: Social Choice and Welfare
publication date: 1988-01-01T00:00:00Z
review text: The second theorem of welfare economics is generalized so that ethical redistribution of wealth can be carried out by the centre by means of an adjustment rule that depends only on prices and an exogenously given feasible allocation x. When equilibrium is achieved each household i will have at least as much utility as it would derive from its component of x.
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91B14
zbMATH DE Number: 4062779
zbMATH Keywords: second theorem of welfare economics
zbMATH Keywords: redistribution of wealth
zbMATH Keywords: adjustment rule
zbMATH Keywords: equilibrium
author: Donald E. Campbell
MaRDI profile type: Publication
cites work: A Generalization of the Second Theorem of Welfare Economics for Nonconvex Economies
cites work: Q5588318
cites work: An equilibrium existence theorem without complete of transitive preferences
cites work: Equilibrium in abstract economies without ordered preferences
full work available at URL: https://doi.org/10.1007/bf00433656
OpenAlex ID: W2094830949
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description: scientific article; zbMATH DE number 4062779