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Inequality, Market Imperfections, and Collective Action Problems

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  • Bardhan, Pranab
  • Ghatak, Maitreesh

Abstract

In this paper we analyze the effects of wealth inequality on the provision of public goods and management of common-property resources (CPR) when there are market imperfections in inputs that are complementary in production to the collective good. We show that for public goods inequality impedes efficiency, while for use of CPRs there is an inverse U-shaped relationship between inequality and efficiency. We discuss the implications of these theoretical results for redistributive policies such as land reform.

Suggested Citation

  • Bardhan, Pranab & Ghatak, Maitreesh, 1999. "Inequality, Market Imperfections, and Collective Action Problems," Department of Economics, Working Paper Series qt6hg27862, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    • Handle: RePEc:cdl:econwp:qt6hg27862
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    Cited by:

    1. Bardhan, Pranab & Mookherjee, Dilip, 1999. "Relative Capture of Local and Central Governments: An Essay in the Political Economy of Decentralization," Center for International and Development Economics Research (CIDER) Working Papers 233624, University of California-Berkeley, Department of Economics.
    2. Galiani, Sebastian & Hopenhayn, Hugo A., 2003. "Duration and risk of unemployment in Argentina," Journal of Development Economics, Elsevier, vol. 71(1), pages 199-212, June.
    3. Deininger, Klaus & May, Julian, 2000. "Can there be growth with equity : an initial assessment of land reform in South Africa," Policy Research Working Paper Series 2451, The World Bank.
    4. Deininger, Klaus W. & Jin, Songqing & Yadav, Vandana, 2008. "Impact of Land Reform on Productivity, Land Value and Human Capital Investment: Household Level Evidence from West Bengal," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6277, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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