TY  - JOUR
AU  - Cooper,Russell
TI  - Sharing Some Thoughts on Weitzman's The Share Economy
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1734
PY  - 1989
Y2  - March 1989
UR  - http://www.nber.org/papers/w1734
L1  - http://www.nber.org/papers/w1734.pdf
N1  - Author contact info:
Russell Cooper
Department of Economics
The Pennsylvania State University
611 Kern
State College, PA 16802
E-Mail: russellcoop@gmail.com
AB  - 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.
ER  -