Wealth distribution and imperfect factor markets: A classroom experiment

The author presents a simple exercise to demonstrate how initial property d istribution can affect final wealth patterns in developing areas of the wor ld. The simulation is a variant of the Monopoly board game in which student s role play different members of a market in which they each face different rules of credit access and salary patterns. The property distribution and new mortgage rules reflect the reality of many developing areas. The simula tion can be completed in one full class period and has proven successful in making students more sensitive to wealth distribution issues. Students hav e suggested several variations of this simulation to make it applicable acr oss more settings.