Sharing Some Thoughts on Weitzman's the Share Economy

35 Pages Posted: 2 Jul 2004 Last revised: 29 Sep 2010

See all articles by Russell Cooper

Russell Cooper

University of Texas at Austin - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: October 1985

Abstract

This paper explores the positive and normative aspects of share contracts. In particular, the paper explores the properties of a share system as advanced by Martin Weitzman in The Share Economy.The model employed highlights a "macroeconomic externality" created in a multi-sector economy with imperfect competition. The introduction of share contracts is shown to influence the comparative static properties of the model economy and in some cases to lead to Pareto superior outcomes.

Suggested Citation

Cooper, Russell W., Sharing Some Thoughts on Weitzman's the Share Economy (October 1985). NBER Working Paper No. w1734. Available at SSRN: https://ssrn.com/abstract=338797

Russell W. Cooper (Contact Author)

University of Texas at Austin - Department of Economics ( email )

Austin, TX 78712
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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