Inequality and Inefficiency

Across three studies, using two different auction paradigms, we explore the effects of wealth inequality and (transparency of inequality) on the distribution of goods. We find wealth inequality disrupts the distributive efficiency of the market – goods go to the wealthy, not the individual who values the good the most.



Citation:

Serena Hagerty and Michael Norton (2020) ,"Inequality and Inefficiency", in NA - Advances in Consumer Research Volume 48, eds. Jennifer Argo, Tina M. Lowrey, and Hope Jensen Schau, Duluth, MN : Association for Consumer Research, Pages: 902-906.

Authors

Serena Hagerty, Harvard Business School, USA
Michael Norton, Harvard Business School, USA



Volume

NA - Advances in Consumer Research Volume 48 | 2020



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