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
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Evaluating Alternative Policy Responses to Higher World Food Prices: The Case of Increasing Rice Prices in Madagascar
TL;DR: In this article, the authors set out a partial equilibrium framework to evaluate the efficiency, distributional, and revenue implications of alternative policy responses to mitigate the impact on low-income households.
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The two poverty enlightenments: historical insights from digitized books spanning three centuries
TL;DR: This paper found that the modern revival of the classical 19th century views on the limitations of government has come with a revival of complacency about poverty that was common early in that century.
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Distributive Justice for Self-Organised Common-Pool Resource Management
TL;DR: This article complement Elinor Ostrom’s institutional design principles for enduring common-pool resource management with Nicholas Rescher's theory of distributive justice based on the canon of legitimate claims, whereby a set of claims is each represented as a voting function, which collectively determine the rank order in which resources are allocated.
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Capital markets integration, growth and income distribution
Jean-Marie Viaene,Itzhak Zilcha +1 more
TL;DR: In this paper, the authors consider a two-country model of overlapping generation heterogeneous economies with intergenerational transfers carried out in the form of bequest and investment in human capital.
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Constrained egalitarian allocations
Bhaskar Dutta,Debraj Ray +1 more
TL;DR: In this paper, a constrained egalitarian solution concept for TU games is proposed, which combines commitment for egalitarianism and promotion of individual interests in a consistent manner, and the set of constrained egalitarian allocations is nonempty for weakly super-additive games.
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
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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.
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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.