Showing 1 - 10 of 107
Lorenz curves and second-order dominance criteria are known to be sensitive to data contamination in the right tail of the distribution. We propose two ways of dealing with the problem: (1) Estimate Lorenz curves using parametric models for income distributions, and (2) Combine empirical...
Persistent link: https://www.econbiz.de/10010746497
We consider concepts and models that are useful for measuring how strongly the distribution of a positive response Y is concentrated near a value with a focus on how concentration varies as a function of covariates. We combine ideas from statistics, economics and reliability theory. Lorenz...
Persistent link: https://www.econbiz.de/10004980629
The economic analysis of income distribution and related topics makes extensive use of dominance criteria to draw inferences about welfare comparisons. However it is possible that - just as some inequality statistics can be very sensitive to extreme values - conclusions drawn from empirical...
Persistent link: https://www.econbiz.de/10005670743
We use data on the wealth of the richest persons taken from the ‘rich lists’ provided by business magazines like Forbes to verify if the upper tails of wealth distributions follow, as often claimed, a power-law behaviour. The data sets used cover the world’s richest persons over...
Persistent link: https://www.econbiz.de/10010777068
Modeling distributions of citations to scientific papers is crucial for understanding how science develops. However, there is a considerable empirical controversy on which statistical model fits the citation distributions best. This paper is concerned with rigorous empirical detection of...
Persistent link: https://www.econbiz.de/10010744557
An emerging literature in the field of income distribution suggests that inequality may persist in the long run. U.S. father and son income data extracted from the PSID support the hypothesis that the distribution of earnings of children raised in privileged environments welfare-dominates that...
Persistent link: https://www.econbiz.de/10005518807
This article deals with the question of whether and how the value of a society may vary with its population size. Methodological procedures and empirical applications are presented to address the issue. We use for this purpose a little-known but simple and attractive social evaluation approach...
Persistent link: https://www.econbiz.de/10011187619
We assess whether global social welfare has improved in the last decades despite (or because of) the substantial increase in global population. We use for this purpose a relatively unknown but simple and attractive social evaluation approach called critical-level generalized utilitarianism...
Persistent link: https://www.econbiz.de/10010787753
We assess whether global social welfare has improved in the last decades despite (or because of) the substantial increase in global population. We use for this purpose a relatively unknown but simple and attractive social evaluation approach called critical-level generalized utilitarianism...
Persistent link: https://www.econbiz.de/10010931416
This paper compares ad valorem and specific taxes in asymmetric homogenous Cournot oligopolies with constant marginal costs. We show that for any given level of industry output, ad valorem taxes are superior to specific taxes in terms of revenue raised. If the tax rates are sufficiently high,...
Persistent link: https://www.econbiz.de/10005068066