Title |
Equity and Efficiency in a Game
|
Author |
Ken Peterson |
Categories
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Welfare Economics: Allocative Efficiency, Externalities, Fairness, Altruism
Public Economics
|
Type |
Non-computerized experiment |
Description |
The classroom exercise described below is a fun way to illustrate equity-efficiency tradeoffs, the frustration associated with relative inequality, and the interdependence of decisions among members and institutions in society. It was designed for a principles of microeconomics course of about twenty to thirty students.
|
URL |
http://mcnet.marietta.edu/~delemeeg/expernom/s95.html#pet |
Home URL |
http://mcnet.marietta.edu/~delemeeg/expernom.html |