This paper explores the manner in which the structure of a social network constrains the level of inequality that can be sustained among its members. We assume that any distribution of value across the network must be stable with respect to coalitional deviations, and that players can form a...

Cover -- The New Economics of Inequality and Redistribution -- Series Editor -- Title -- Copyright -- Dedication -- Contents -- Illustrations -- Figures -- Table -- Preface -- 1: The new economics of inequality and redistribution -- Inequality, institutions, and economic performance -- Market...

Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic...