Welfare comparisons with bounded equivalence scales.
type: Item
instance of: scholarly article
title: Welfare comparisons with bounded equivalence scales.
zbMATH Open document ID: 1048.91083
DOI: 10.1016/S0022-0531(03)00035-8
author: Cyrille Hagneré
author: Alain Trannoy
author: Marc Fleurbaey
published in: Journal of Economic Theory
publication date: 2003-07-30T00:00:00Z
review text: Consider two income distributions \(f\) and \(f^*\), both with bounded support. This paper gives a necessary and sufficient condition for \(f\) to dominate \(f^*\) with respect to a family of concave utility functions. This result generalizes the \textit{A. Atkinson} and \textit{F. Bourguignon} result [Income distribution and differences in needs, Arrow and the foundations of the theory of economic policy (New York University Press, New York), 350--370 (1987)], and is also shown to include as a special case the result of Ebert (1999). A recursive algorithm is exhibited which performs the necessary dominance calculation.
Mathematics Subject Classification ID: 91B40
Mathematics Subject Classification ID: 91D10
zbMATH DE Number: 1957027
zbMATH Keywords: heterogeneous population
zbMATH Keywords: equivalence scales
zbMATH Keywords: stochastic dominance
zbMATH Keywords: welfare comparisons
MaRDI profile type: Publication
cites work: Q5333460
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description: scientific article; zbMATH DE number 1957027