Two common principles in distributional analysis are that (i) a progressive transfer moves the Lorenz curve upwards, and (ii) progressive [neutral] taxation reduces [leaves unchanged] inequality. In order to establish these results it is currently assumed that the distribution of income is...

Two common principles in distributional analysis are that (i) a progressive transfer moves the Lorenz curve upwards, and (ii) progressive [neutral] taxation reduces [leaves unchanged] inequality. In order to establish these results it is currently assumed that the distribution of income is...

The paper shows that a variety of different scenarios in environmental economics can be modeled by one abstract concept, an extended cost function, which takes into account a firm's technological and regulatory constraints. It satisfies the usual properties of a cost function and reasonable...

The paper characterizes a family of downside risk measures. They depend on a target value and a parameter reflecting the attitude towards downside risk. The indicators are probability weighted -order means of possible shortfalls. They form a subclass of the measures intro¬duced by Stone...

The paper shows that a variety of different scenarios in environmental economics can be modeled by one abstract concept, an extended cost function, which takes into account a firm's technological and regulatory constraints. It satisfies the usual properties of a cost function and reasonable...

The paper characterizes a family of downside risk measures. They depend on a target value and a parameter reflecting the attitude towards downside risk. The indicators are probability weighted -order means of possible shortfalls. They form a subclass of the measures intro¬duced by Stone (1973)...