Chakravarty, Satya R.; Chattopadhyay, Nachiketa; … - 2016
situation. This paper looks at the impact of vulnerability on the poverty line. The poverty line is adjusted in the presence of … vulnerability such that the utility of a person at the current poverty line and that at the adjusted poverty line become identical …. Using an additive model of vulnerability, it is shown that if the utility function obeys constant Arrow-Pratt absolute risk …