Deliberation favours social efficiency by making people disregard their relative shares: evidence from USA and India
Abstract
Groups make decisions on both the production and the distribution of resources. These decisions typically involve a tension between increasing the total level of group resources (i.e. social efficiency) and distributing these resources among group members (i.e. individuals' relative shares). This is the case because the redistribution process may destroy part of the resources, thus resulting in socially inefficient allocations. Here we apply a...
Paper Details
Title
Deliberation favours social efficiency by making people disregard their relative shares: evidence from USA and India
Published Date
Feb 1, 2017
Journal
Volume
4
Issue
2
Pages
160605 - 160605
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