Journal ArticleDOI
On the Measurement of Inequality
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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
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Noncooperative general exchange with a continuum of traders: Two models
Pradeep Dubey,Lloyd S. Shapley +1 more
TL;DR: In this article, price formation and trade in a large exchange economy is modelled as a non-atomic strategic game in two contrasting forms: pay-later and cash-in-advance.
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Sustainability and the circular economy: a theoretical approach focused on e-waste urban mining
Lúcia Helena Xavier,Ellen Cristine Giese,Ana Cristina Ribeiro-Duthie,Fernando Antonio Freitas Lins +3 more
TL;DR: In this article, the authors present a review of the main circular economy solutions for e-waste management, highlighting the importance of recovering and classifying mineral material according to urban mining procedures.
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Mass Poverty in Pakistan: Some Preliminary Findings
TL;DR: In this article, the authors presented a more systematic estimate of the extent of mass poverty in Pakistan and their implications for the future growth strategy, including income distribution and employment in West Pakistan.
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Statistics of Ordinal Variation
Julian Blair,Michael G. Lacy +1 more
TL;DR: In this article, the authors discuss the potential usefulness of ordinal dispersion statistics in sociology and define a broad class of such measures, some of which have previously been proposed in other forms.
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A general functional form for approximating the Lorenz curve
TL;DR: In this paper, the authors present several descriptive approximations of empirical Lorenz curves, and compare these alternative forms by goodness of fit, F -tests of nested forms, and measurement of the Gini coefficient.
References
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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.
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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.