Equitable Redistribution and Inefficiency under Credit Rationing
-
Hamid Beladi
,
Sugata Marjit
Abstract
It has been argued in many policy circles that lack of access to credit by the poor may be a source of inefficiency in developing economies. Then, conventional wisdom may suggest that asset redistribution from the rich to the poor improves efficiency. In contrast, we develop a general equilibrium model with credit market and show that such an egalitarian redistribution of assets may indeed lead to inefficiency.
Acknowledgments
We are grateful to two anonymous referees and the editor of this journal for their constructive and invaluable comments and suggestions.
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Artikel in diesem Heft
- Frontmatter
- Research Articles
- Fair Choices During COVID-19: Firms’ Altruism and Inequality Aversion in Managing a Large Short-Time Work Scheme
- Inequality in Health Status During the COVID-19 in the UK: Does the Impact of the Second Lockdown Policy Matter?
- The Political Timing of Tax Policy: Evidence from U.S. States
- Is it a Matter of Skills? High School Choices and the Gender Gap in STEM
- Patent Licensing and Litigation
- Class Size, Student Disruption, and Academic Achievement
- Political Orientation and Policy Compliance: Evidence from COVID-19 Mobility Patterns in Korea
- Social Efficiency of Free Entry in a Vertically Related Industry with Cost and Technology Asymmetry
- Carbon Tax with Individuals’ Heterogeneous Environmental Concerns
- Equitable Redistribution and Inefficiency under Credit Rationing
- Letters
- Psychological Well-Being of Only Children: Evidence from the One-Child Policy
- Peer Effects in Child Work Decisions: Evidence from PROGRESA Cash Transfer Program
- Right Time to Focus? Time of Day and Cognitive Performance
- Employee Dissatisfaction and Intentions to Quit: New Evidence and Policy Recommendations
- On the Stability of Common Ownership Arrangements
Artikel in diesem Heft
- Frontmatter
- Research Articles
- Fair Choices During COVID-19: Firms’ Altruism and Inequality Aversion in Managing a Large Short-Time Work Scheme
- Inequality in Health Status During the COVID-19 in the UK: Does the Impact of the Second Lockdown Policy Matter?
- The Political Timing of Tax Policy: Evidence from U.S. States
- Is it a Matter of Skills? High School Choices and the Gender Gap in STEM
- Patent Licensing and Litigation
- Class Size, Student Disruption, and Academic Achievement
- Political Orientation and Policy Compliance: Evidence from COVID-19 Mobility Patterns in Korea
- Social Efficiency of Free Entry in a Vertically Related Industry with Cost and Technology Asymmetry
- Carbon Tax with Individuals’ Heterogeneous Environmental Concerns
- Equitable Redistribution and Inefficiency under Credit Rationing
- Letters
- Psychological Well-Being of Only Children: Evidence from the One-Child Policy
- Peer Effects in Child Work Decisions: Evidence from PROGRESA Cash Transfer Program
- Right Time to Focus? Time of Day and Cognitive Performance
- Employee Dissatisfaction and Intentions to Quit: New Evidence and Policy Recommendations
- On the Stability of Common Ownership Arrangements
