The purpose of this paper is to offer a characterization of a welfare index which depends positively on total income and negatively on Theil's first inequality measure. This welfare index belongs to a family of indicators which try to link measures of income and measures of welfare (real-income...

This paper deals with the analysis of the existence and optimality allocations in a framework characterized by the presence of consumption externalities. The model refers to apure distribution problem consisting of allocating a given bundle of k goods among n agents. Analizamos en este trabajo...

The purpose of this paper is to analyze the existence of efficient and envyfree allocations of a single good i,n the presence of consumption externalities. A theoretical model is first developed and an application to the problem of financing Regional Governments in Spain, is then provided. Este...

This paper is a methodological proposal for the distribution of the Regional Equalization Fund, based on the following principles: (i) To measure the degree of regional development by means of an indicator with an appropiate theoretical basis (an indicator combining both the average income and...