Search Results - subject:"welfare functions"

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Lorenz non-consistent welfare and inequality measurement

Chateauneuf, Alain; Moyes, Patrick - In: Journal of Economic Inequality 2 (2005) 2, pp. 61-87

Typical welfare and inequality measures are required to be Lorenz consistent which guarantees that inequality decreases and welfare increases as a result of a progressive transfer. We explore the implications for welfare and inequality measurement of substituting the weaker absolute...

Persistent link: https://www.econbiz.de/10005711552

Lorenz non-consistent welfare and inequality measurement

Chateauneuf, Alain; Moyes, Patrick - In: Journal of Economic Inequality 2 (2004) 2, pp. 61-87

Persistent link: https://www.econbiz.de/10005711577

Chapter 12 Inequality, poverty and welfare

Dutta, Bhaskar - In: Handbook of social choice and welfare : volume 1, (pp. 597-633). 2002

recent literature on measurement of inequality and poverty emphasizes the close connection between social welfare functions … discuss how indices of inequality can be constructed from social welfare functions, and vice versa. Other issues include the …

Persistent link: https://www.econbiz.de/10014023831

Chapter 3 Domain restrictions

Gaertner, Wulf - In: Handbook of social choice and welfare : volume 1, (pp. 131-170). 2002

orderings, the domains of individual orderings that admit n -person nondictatorial social welfare functions à la Arrow result …

Persistent link: https://www.econbiz.de/10014023840

Arrow's theorem, Weglorz' models and the axiom of choice

Brunner, Norbert; Mihara, H. Reiju - EconWPA - 1999

Applying Weglorz' models of set theory without the axiom of choice, we investigate Arrow-type social welfare functions …

Persistent link: https://www.econbiz.de/10005076622

The Theory of Social Choice since 1951 / Die Theorie kollektiver Entscheidungen seit 1951

Gaertner, Wulf - In: Jahrbücher für Nationalökonomie und Statistik 217 (1998) 6, pp. 657-680

rather attractive properties. We next look at preference domains that admit the existence of Arrovian social welfare … functions, i. e. aggregation rules fulfilling both the Pareto and the independence condition and being nondictatorial. We also …

Persistent link: https://www.econbiz.de/10014608634

Decentralized Trade, Random Utility and the Evolution of Social Welfare

KANDORI, Michihiro; Serrano, Roberto; Volij, Oscar - Oscar Volij

We study decentralized trade processes in general exchange economies and house allocation problems with and without money. The processes are affected by persistent random shocks stemming from agents' maximization of random utility. By imposing structure on the utility noise term --logit...

Persistent link: https://www.econbiz.de/10005741335

The Macroeconomic Impact of Migration: A Simulation-Based Approach

Gouri Suresh, Shyam - Department of Economics, Davidson College

This paper studies the impact of migration on welfare in a general equilibrium model using a simulation-based approach. Agents make decisions regarding the acquisition of skill and migration on the basis of their idiosyncratic characteristics and different migration regimes. Migration in turn...

Persistent link: https://www.econbiz.de/10011196433