Social welfare and the Gini coefficient revisited (Q1059539): Difference between revisions
From MaRDI portal
Set OpenAlex properties. |
m rollbackEdits.php mass rollback Tag: Rollback |
||
| Property / full work available at URL | |||
| Property / full work available at URL: https://doi.org/10.1016/0165-4896(85)90003-4 / rank | |||
| Property / OpenAlex ID | |||
| Property / OpenAlex ID: W2013164079 / rank | |||
Revision as of 06:22, 20 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Social welfare and the Gini coefficient revisited |
scientific article |
Statements
Social welfare and the Gini coefficient revisited (English)
0 references
1985
0 references
The question of conflict between the rankings of income distributions with the same mean by the Gini coefficient and by individualistic social welfare functions is re-examined. The negative result of \textit{D. Newbery} [J. Econ. Theory 2, 264-266 (1970)] is extended. However, positive results are obtainable which reverse Newbery's conclusion by admitting into the individual's utility index a measure of his position in the income distribution, or of his deprivation with respect to others' incomes.
0 references
rankings of income distributions
0 references
Gini coefficient
0 references
social welfare functions
0 references
