Journal ArticleDOI
On the Measurement of Inequality
TLDR
In this paper, the problem of comparing two frequency distributions f(u) of an attribute y which for convenience I shall refer to as income is defined as a risk in the theory of decision-making under uncertainty.About:
This article is published in Journal of Economic Theory.The article was published on 1970-09-01. It has received 5002 citations till now. The article focuses on the topics: Income inequality metrics & Income distribution.read more
Citations
More filters
Book ChapterDOI
Income Inequality Measurement: The Normative Approach
TL;DR: In this article, the authors show that there is a relationship between an inequality index and a social-evaluation ordering defined on the incomes of the members of society, i.e., nominal or real.
Journal ArticleDOI
Equitable service by a facility: Minimizing the Gini coefficient
TL;DR: This paper investigates the location of facilities with equity considerations, namely, minimizing the Gini coefficient of the Lorenz curve based on service distances by constructing an algorithm that finds the optimal location of one facility in a bounded area in the plane when demand is generated at a set of demand points.
Book
Agrarian Reform in Russia: The Road from Serfdom
TL;DR: In this article, Dilemmas of Agrarian reform in Russia: 1. Imperial reform, 1861-1913 2. The NEP and Soviet era reforms, 1921-89 3. Transition agrarian reform, 1991-2008 Part II. Rural organization and entrepreneurship Part III. The productivity of Russian agriculture
Journal ArticleDOI
Inverse stochastic dominance, inequality measurement and Gini indices
TL;DR: In this paper, the authors investigated the relationship between the third degree inverse stochastic dominance criterion introduced in Muliere and Scarsini (1989) and inequality dominance when Lorenz curves intersect, and proposed a new definition of transfer sensitivity aimed at strengthening the Pigou-Dalton Principle of Transfers.
Journal ArticleDOI
Health utility indices and equity considerations
TL;DR: The aim of this paper is to propose methods that incorporate equity concerns into cost utility analysis and to propose algorithms that take into account equity concerns and that are relatively easy to apply.
References
More filters
Journal ArticleDOI
Risk Aversion in the Small and in the Large
TL;DR: In this article, a measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another.
Journal ArticleDOI
Aspects of the theory of risk-bearing
Journal ArticleDOI
The Measurement of the Inequality of Incomes
TL;DR: JSTOR as discussed by the authors is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship, which is used to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources.
Journal ArticleDOI
The Efficiency Analysis of Choices Involving Risk
Giora Hanoch,Haim Levy +1 more
TL;DR: In this paper, an analysis of the first step of the decision-making process of an individual decision maker among alternative risky ventures is presented, in terms of a single dimension such as money, both for the utility functions and for the probability distributions.