Redistribution: an exhibition of human preferences and social needs
|Author(s):|| prof. RNDr. Jiří Hlaváček CSc., |
|Type:||IES Working Papers|
|ISSN / ISBN:|
|Published in:||IES WP 2001/16|
|Abstract:||Study of causal consequences and determinants in situation of shared utility and redistribution should not be crowded out from the standard microeconomics. Taking benefits and hardships of other subjects and communities into account is an important part of normal economic rationality. Both supply and demand sides of the process of redistribution are theoretically analyzed in the paper. The mathematical models based on maximization of probability of survival are utilized for the description of this redistribution.
Key words: Redistribution, economic rationality, shared utility and hardships, supply and demand part of the process of redistribution