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This paper provides a normative framework to assess social welfare within a rank-dependent and bidimensional setting where individuals are characterized by income and needs. In line with the growing interest in top incomes and inequalities concerning the upper part of the income distribution...
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rather than another. In this paper, we develop a theory for ranking distribution functions. Our theory offers a general … ranking can be attained without introducing weaker criteria than second-degree stochastic dominance. The conventional approach … that give an unambiguous ranking of any set of distribution functions. We also provide an axiomatization of the sequences …
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. Our framework provides complete ranking of any set of distributions and money metric interpretation of the social welfare …
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