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Social scientists study two kinds of inequality: inequality between persons (as in income inequality) and inequality between subgroups (as in racial inequality). This paper analyzes the mathematical connections between the two kinds of inequality. The paper proceeds by exploring a set of...
Persistent link: https://www.econbiz.de/10013317114
Recent work on social status led to derivation of a new continuous distribution based on the exponential. The new variate, termed the ring(2)-exponential, in turn leads to derivation of two closely-related new families of continuous distributions, which we call the mirror-exponential and the...
Persistent link: https://www.econbiz.de/10013317214
-utility constrained social optimum. Unexpectedly, numerical simulations show that this theory could account for the observed distribution …
Persistent link: https://www.econbiz.de/10010528644
. We use probability theory to derive initial results, including both distribution-independent and distribution …
Persistent link: https://www.econbiz.de/10013324765
Persistent link: https://www.econbiz.de/10015154644
We study the phenomenon of strategic polarization in group interactions. Agents with private preferences choose a public action (e.g., voice opinions), and the mean of their actions represents the group’s realized outcome. They face a trade-off between influencing the group outcome and...
Persistent link: https://www.econbiz.de/10014033343
We examine the socially optimal wealth distribution in a two-person two-good model with heterogeneous workers and asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the other (non-social) individual. We show that the...
Persistent link: https://www.econbiz.de/10013324987
We examine the socially optimal wealth distribution in a two-person two-good model with heterogeneous workers and asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the other (non-social) individual. We show that the...
Persistent link: https://www.econbiz.de/10003755338
This article contrasts a direct social interaction mechanism with market interactions in an attempt to explain how social interactions affect decisions concerning individuals' human capital and their possible impact on income distribution
Persistent link: https://www.econbiz.de/10012766915
Inequality is anisotropic: its intensity is variable along the income scale. Therefore, to focus on local inequalities, a new representation, the isograph, is developed to figure their variations. This leads to the expression of three coefficients able to summarize the shape of inequalities: a...
Persistent link: https://www.econbiz.de/10010258790