Social welfare and the Gini coefficient revisited (Q1059539): Difference between revisions
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Latest revision as of 17:00, 14 June 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Social welfare and the Gini coefficient revisited |
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Social welfare and the Gini coefficient revisited (English)
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1985
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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.
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rankings of income distributions
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Gini coefficient
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social welfare functions
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