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
Posted Content
Economic and Equity Effects of Marginal Cost Pricing in Transport
TL;DR: In this paper, the authors compared second-best policies under current institutions and those which are practicable only after institutional reform, assuming that local authorities are allowed access to certain instruments that are not presently at their disposal, or that national authorities accept to tune the level of certain instruments so as to maximise the welfare of the urban population.
Journal ArticleDOI
Ethically robust comparisons of bidimensional distributions with an ordinal attribute
TL;DR: The transformations of the distributions which guarantee that social welfare increases according to utilitarian unanimity provided that the utility function is concave in the cardinal attribute and that its marginal utility with respect to the same attribute is non-increasing in the ordinal attribute are identified.
Journal ArticleDOI
Continuity and egalitarianism in the evaluation of infinite utility streams
TL;DR: This work focuses on two principles of distributional egalitarianism along the line of the Pigou–Dalton transfer principle and the Lorenz domination principle, and shows that there exists no social evaluation relation satisfying one of these egalitarian principles and the weakened continuity and rationality axioms even in the absence of the Pareto principle.
Journal ArticleDOI
Privatization and Renationalization: What Went Wrong in Bolivia’s Water Sector?
TL;DR: In this paper, the authors investigate the impact of water service privatization in Bolivia and compare the performance of cities in which the service was privatized (La Paz and El Alto) with a city in which it is managed as a cooperative (Santa Cruz de la Sierra) and one where the service is publicly provided (Cochabamba).
Journal ArticleDOI
An experimental study on individual choice, social welfare, and social preferences
TL;DR: The authors study subjects' compliance with dominance relationships of income distributions in a ranking task and find that people's risk attitudes do not adequately reflect their inequality attitudes, while self-interested social planners are generally more inequality averse and try to avoid extreme outcomes.
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.