Table 1:

Theoretical benchmarks.

Homogeneous endowmentsHeterogeneous endowments
Equal: 50Low: 40High: 60
Nash40 (90)40 (80)40 (100)
Social (Equal Extractions)25 (112.5)25 (102.5)25 (122.5)
Social (Equal Proportions)25 (112.5)20 (90)30 (135)
Social (Equal Earnings)25 (112.5)29 (112.5)21 (112.5)
Period earnings, in EDs, are listed in parenthesis next to extractions. Inequality splits the social optimum into three norms: Equal Extractions, Equal Proportions, and Equal Earnings. Note that the symmetric social optimum for Equal defines each norm.

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