NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Sharing Some Thoughts on Weitzman's The Share Economy

Russell Cooper

NBER Working Paper No. 1734 (Also Reprint No. r1153)
Issued in October 1985
NBER Program(s):   EFG

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.

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Document Object Identifier (DOI): 10.3386/w1734

Published: "Will Share Contracts Increase Economic Welfare? From The American Economic Review, Vol. 78, No. 1, (March 1988).

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