Using utilitarian and Rawlsian policies to attract the creative class: A tale of two cities
- Batabyal, Amitrajeet A.; Yoo, Seung Jick
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- Elsevier Inc.email@example.com
- International Review of Economics and Finance, v.69, pp.295 - 300
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- International Review of Economics and Finance
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- Consider an aggregate economy of two cities. We study the impact that the use of utilitarian and Rawlsian policies by these two cities has on their ability to attract members of the so called creative class. We first focus on the case in which both cities adopt utilitarian policies. Second, we analyze the case where both cities implement Rawlsian policies. Third, we study the case where one city uses a Rawlsian policy but the other city pursues a utilitarian policy. Fourth, we compare the policy outcomes in the first and the third cases above and show that if one city switches to a Rawlsian or more egalitarian objective when the other city remains utilitarian, the aggregate economy becomes less egalitarian. Finally, we compare the second and the third cases above and demonstrate that if one city switches to a Rawlsian or more egalitarian objective when the other city remains Rawlsian, the aggregate economy becomes more egalitarian.
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- TESOL·국제학대학원 > 기후환경융합학과 > 1. Journal Articles
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