Open AccessFairness and Redistribution: Comment
Author(s) -
Rafael Di Tella,
Juan Dubra
Publication year - 2013
Publication title -
american economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 16.936
H-Index - 297
eISSN - 1944-7981
pISSN - 0002-8282
DOI - 10.1257/aer.103.1.549
Subject(s) - luck , redistribution (election) , economics , microeconomics , mathematical economics , econometrics , neoclassical economics , political science , law , philosophy , theology , politics
We provide an example that shows that in the Alesina and Angeletos (2005) model one can obtain multiplicity even if luck plays no role in the economy. Thus, it is not critical that the noise to signal ratio be increasing in taxes, or that desired taxes are increasing in the noise to signal ratio.
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