Market failure, inequality and redistribution
| dc.contributor.author | Jean-Marie, Dufour | |
| dc.date.accessioned | 2010-02-15T20:27:48Z | |
| dc.date.available | 2010-02-15T20:27:48Z | |
| dc.date.issued | 2008 | |
| dc.identifier.uri | http://ethique-economique.net | |
| dc.identifier.uri | http://hdl.handle.net/1866/3420 | |
| dc.publisher | Centre de recherche en éthique de l'Université de Montréal | |
| dc.subject | philosophy | en |
| dc.subject | ethics | en |
| dc.subject | economics | en |
| dc.subject | positive economics | en |
| dc.subject | normative economics | en |
| dc.subject | welfare economics | en |
| dc.subject | market failure | en |
| dc.subject | externality | en |
| dc.subject | taxation | en |
| dc.subject | social choice | en |
| dc.subject | public choice | en |
| dc.title | Market failure, inequality and redistribution | en |
| dc.type | Article | en |
| dc.contributor.affiliation | Université de Montréal. Faculté des arts et des sciences. Centre de recherche en éthique | fr |
| dcterms.abstract | We consider the following question: does market failure justify redistribution? We argue that the general answer to this question is no, in the sense that policies for correcting market failures do not aim at producing a "desirable" income distribution. This follows from the fact that, by construction, market failure is a deviation from "efficiency" that does not involve any notion of a desirable distribution of welfare (or income). However, there are special cases where a "corrective measure" involving redistribution can offset a market failure, so this can provide a form of efficiency- based justification for redistribution. | en |
| dcterms.isPartOf | urn:ISSN:1639-1306 | |
| dcterms.language | eng | en |
| UdeM.VersionRioxx | Version publiée / Version of Record | |
| oaire.citationTitle | Éthique et économique = Ethics and economics | |
| oaire.citationVolume | 6 | |
| oaire.citationIssue | 1 |
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