Immiserizing Growth in a Closed Economy
研究了存在要素市场扭曲、产品市场垄断和消费不可分性时，封闭经济中可能出现多重均衡，增长反而导致贫困化，且再分配可能成为富人的游戏。
Abstract We develop a model with three key features: a factor market distortion, monopoly power in the product market and indivisibilities in consumption. In this setting, multiple equilibria arise, one with high and the other with low equilibrium wages, incomes and output. It is also shown that even in a closed economy, growth may be immiserizing and, finally, that redistribution could be a “rich man's game”.