Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution (Q790701): Difference between revisions
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| Property / author: S. O. Duffuaa / rank | |||
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| Property / author: Michael D. Intriligator / rank | |||
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Revision as of 12:41, 13 February 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution |
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Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution (English)
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1984
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In this paper, we cast the problem of income redistribution in two different ways, one as a nonlinear goal programming model and the other as a game theoretic model. These two approaches give characterizations for the probabilistic approach suggested by Intriligator for this problem. All three approaches reinforce the linear income redistribution plan as a desirable mechanism of income redistribution.
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linear income system
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Kullback-Leibler information function
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core Shapley value
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income redistribution
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nonlinear goal programming
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game theoretic model
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probabilistic approach
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