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Welfare Nonparametric methods 1
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Anderson, Gordon 1 Crawford, Ian 1 Leicester, Andrew 1
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Journal of Public Economics 1
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Welfare rankings from multivariate data, a nonparametric approach
Anderson, Gordon; Crawford, Ian; Leicester, Andrew - In: Journal of Public Economics 95 (2011) 3-4, pp. 247-252
Economic and social welfare is inherently multidimensional. However, choosing a measure which combines several indicators is difficult and may have unintendend and undesirable effects on the incentives of policy makers. We develop a nonparametric empirical method for deriving welfare rankings...
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