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Cataloged Resource Summary

 

Title

Equity and Efficiency in a Game

Author

Ken Peterson

Categories

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
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