search query: @author Kranich, / total: 4
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| Author: | Kranich, L. |
| Title: | Equal division, efficiency, and the sovereign supply of labor |
| Journal: | American Economic Review
1994 : MAR, VOL. 84:1, p. 178-189 |
| Index terms: | EFFICIENCY LABOUR SUPPLY ECONOMICS |
| Language: | eng |
| Abstract: | The canonical problem of equity in production economies consists of two agents with different tastes and abilities, each of whom contributes labor to produce a single consumption good. As a criterion for distributive justice, the author requires that if both agents work equal numbers of hours, they should divide the output equally. The author also requires that the labor-supply decision should remain sovereign. Sufficient conditions are established for achieving an efficient allocation. |
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