When lump-sum transfers are not possible but the planner is allowed to use inflation or deflation to achieve as much of the redistribution as possible, there exists a competitive equilibrium with a constrained efficient redistributive policy.
SOME dream of the redistribution of wealth.
"The 21st century will be the century of the redistribution of work".
He is the author of "The Redistribution Recession: How Labor Market Distortions Contracted the Economy".
Mr Spolaore reckons it is the nature of the redistribution, as much as the scale, that matters.
He was often viewed as the guy with the $400 haircut, rather than as a leading advocate of the redistribution of economic wealth.
SIR - There is a more direct example of the redistribution from energy savings than car energy consumption ("On the rebound", December 17th).
Casey B. Mulligan is an economics professor at the University of Chicago.He is the author of "The Redistribution Recession: How Labor Market Distortions Contracted the Economy".
In the first stage of the redistribution scheme, M&S is looking for new charity partners, such as food banks, community cafes, homelessness groups and community shops to work with 105 more stores by December.
Yet, because of the nature of the redistribution of votes, it's the further-down preferences of voters whose first choices are least likely to win that become most important.
In 1993 he was awarded a Ph.D. in economics from the École des Hautes Études en Sciences Sociales (EHESS) and the London School of Economics European doctoral program for a dissertation on the theory of the redistribution of wealth.
