Inequality and Polarization.

We give in this paper a formal definition of the concept of weak and strong a-polarization. We give necessary and sufficient conditions for a decision maker who respects the Lorenz order and who behaves in accordance with the expected utility model, with Yaari's dual model or with the rank-dependent expected utility model to be weakly or strongly a-polarization averse. Finally these results are applied to the specific problem of inequality measurement.

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Year of publication:	2000
Authors:	Gajdos, T.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	EXPECTATIONS \| DECISION MAKING \| UTILITY MODELS

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776487