Income Re-Distribution, the Nash Way: Nash's Unjust Bargaining Theory

Choi, Hak

doi:10.2139/ssrn.2319030

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Income Re-Distribution, the Nash Way: Nash's Unjust Bargaining Theory

5 Pages Posted: 2 Sep 2013 Last revised: 10 Mar 2017

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: September 1, 2013

Abstract

This paper proves that the traditional wisdom of robbing the rich for the poor will end up with just the opposite result. Evidences are given to confirm that such unjust re-distribution is happening in the real world. Welfare economists should be fired: to be replaced by wealth economists.

Keywords: Income Distribution, Bargaining, Welfare

JEL Classification: C78, D31

Suggested Citation: Suggested Citation

Choi, Hak, Income Re-Distribution, the Nash Way: Nash's Unjust Bargaining Theory (September 1, 2013). Available at SSRN: https://ssrn.com/abstract=2319030 or http://dx.doi.org/10.2139/ssrn.2319030