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The constrained egalitarian solution of Dutta and Ray (1989) for TU-games is extended to asymmetric cases, using the notion of weight systems as in Kalai and Samet (1987, 1988). This weighted constrained egalitarian solution is based on the weighted Lorenz-criterion as an inequality measure. It...
Persistent link: https://www.econbiz.de/10005775442
The neoclassical way to cope with firms providing services, or with clubs procuring services, is restricted by the lack of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the potential value-production by firms, or to realize the...
Persistent link: https://www.econbiz.de/10005660512
A general procedure inspired by the Shapley value is proposed for decompodsing any inequality index by factor components or by populations subgroups. To do so we define two types of inequality games. Although these games cannot be expressed in terms of unanimity games, an axiomatization of the...
Persistent link: https://www.econbiz.de/10005660700
This paper proposes relative and absolute measures of deprivation using social satisfaction functions. The relative (absolute) measure gives us the amount by which social satisfaction can be increased in proportional (absolute) terms by redistributing incomes equally. We also demonstrate the...
Persistent link: https://www.econbiz.de/10005256781
Interest in economic mobility stems largely from its perceived role as an equalizer of opportunities, though not necessarily of outcomes. In this paper we show that this view leads very naturally to a methodology for the measurement of social mobility which has strong parallels with the theory...
Persistent link: https://www.econbiz.de/10005207606
The paper describes the sample surveys on the personal distribution of incomes conducted in post-war Italy: the first survey carried out by Istituto Doxa in 1947-48; the sample survey of household income and wealth conducted by the Bank of Italy since the late 1960s; the expenditure survey, and...
Persistent link: https://www.econbiz.de/10005640920
We generalize Hammond's characterisation of leximin by introducing a very weak two-person equity condition. In addition to strengthening the defence of the leximin principle, this result is of interest from a more technical point of view. Contrary to the present understanding in the literature...
Persistent link: https://www.econbiz.de/10005646782
The paper considers the problem of comparing income distributions for heterogeneous populations. Following Atkinson and Bourguignon (1987), we divide the population in different groups of needs and evaluate the social welfare with a utilitarian function. By considering the Generalized...
Persistent link: https://www.econbiz.de/10005660690
Persistent link: https://www.econbiz.de/10005625804
In two related papers, Kanedo (1977, 1977a) has proved an equibalence theorem relating the set of ratio equilibria of a public goods economy to the core of a strong voting game. This paper extends in two ways Kaneko's analysis to economies with jurisdictions, each producing a spedific public good.
Persistent link: https://www.econbiz.de/10005634039