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
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Optimal taxation in a stochastic economy: A Cobb–Douglas example
TL;DR: In this article, the optimal linear and two-piece linear taxes are calculated in two-period economies in which individuals face uncertainty about their ability to work in the second period, and the second best insurance/redistribution programs are compared with first-best economies, equilibria without government intervention, and analogous determinate economies having the same ex post production possibilities.
Journal ArticleDOI
On reforming the welfare system
TL;DR: In this paper, the authors compared various negative income tax (NIT) and workfare schemes from the point of view of efficiency and equity in a simulation model for a small open economy (Quebec 1986).
Posted Content
Economic growth and poverty reduction: initial conditions matter
Hyun H. Son,Nanak Kakwani +1 more
TL;DR: In this paper, the authors examined how the relation between growth and poverty can change with the initial levels of economic development and inequality using the idea of poverty elasticity, measuring the extent to which economic growth reduces poverty.
Journal ArticleDOI
Unobserved Preference Heterogeneity in Demand Using Generalized Random Coefficients
Arthur Lewbel,Krishna Pendakur +1 more
TL;DR: Hahn et al. as discussed by the authors showed that not accounting for this unobserved preference heterogeneity substantially biases estimated consumer-surplus costs of an energy tax, and therefore proved identification of Generalized Random Coefficients models, defined as nonparametric regressions where each regressor is multiplied by an unobserved random coefficient having an unknown distribution.
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The Humanitarian Pickup and Distribution Problem
Ohad Eisenhandler,Michal Tzur +1 more
TL;DR: This paper focuses on the logistic challenges of a food bank that on a daily basis uses vehicles of limited capacity to distribute food collected from suppliers in the food industry to welfare agencies, under an imposed maximal traveling time.
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.
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.