Theft and Welfare in General Equilibrium: A Theoretical Note

Thomas Randolph Beard; George S. Ford; Liliana V. Stern; Michael L. Stern

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Theft and Welfare in General Equilibrium: A Theoretical Note

机译：一般均衡中的盗窃和福利：一个理论注释

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We show that in a dynamic general equilibrium model theft lowers social welfare even if it is costless to steal, there is no theft prevention cost, and all stolen goods are immediately returned to society. Theft lowers social welfare because it distorts the investment decision, resulting in undercapitalization and a lower steady-state level of capital. This sheds a new light on the literature originated by Tullock [1].

机译：我们发现，在动态的一般均衡模型中，即使盗窃成本很低，盗窃也会降低社会福利，没有盗窃预防成本，所有被盗商品都会立即返回社会。盗窃降低了社会福利，因为它扭曲了投资决策，导致资本不足和较低的稳态资本水平。这为塔洛克[1]提出的文献提供了新的启示。

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《Theoretical Economics Letters》 |2012年第5期|共4页
作者
Thomas Randolph Beard; George S. Ford; Liliana V. Stern; Michael L. Stern;
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机译：一般均衡中的盗窃和福利：一个理论注释

Theft and Welfare in General Equilibrium: A Theoretical Note

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