In this paper, we present a new method to construct new classes of distortion functions. A distortion function maps the … parameter space on which the distortion function is concave. We studied cases when the generating distributions are …

This paper introduces a new family of distortion functions for measuring risks, developed using transmutation … distortion parameters can be influenced by political factors or users' risk aversion levels, we generate plots of the distortion … measures, highlighting the effectiveness of the proposed distortion functions in accurately assessing risk. …

faster declines in their MRPL-wage wedge. We find that the BTA permanently decreases labor market distortion in manufacturing … gender composition to estimate the MRPL-wage wedges separately for men and women. We find that the median distortion is 26 …% higher for women relative to men, and the decline in distortion for women, amounting to more than 12%, is the driver of the …

Objective: The objective of the article was to identify how various forms of information distortion influence foreign …