There is an irreductible conflict between, on the one hand, the desire to allocate income in society in an equitable way and, on the other, the desire to alleviate poverty. The conflict materializes itself in the problem of designing a basic income (or negative income tax) system which requires...

This paper builds on a recent article in Management Science by Milne and Neave and is concerned with the duality relationship between the definition of a stochactic dominance ordering and the disturbance which added to the dominating random variable gives the dominated one. We show that such...

According to conventional wisdom, if a monopolist operates in two separate markets whose respective demand functions can be ordered by elasticity, he will charge more on the market with the less elastic demand. In this paper we debunk the widespread canard that this follows from the first order...

A necessary and sufficient condition for the decreasingness of marginal revenue, in terms of the convexity of the demand function, is provided. The result improves on Walter's (1980). A related problem already approached by Cournot is also discussed and so is the relationship between the two...

This paper extends the standard redistribution axioms to the case where the income units differ for example by size, deserve or need. It is essentially based on a generalization of Muirhead's Lemma. The standard case where all units are alike falls off as a particular case