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The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas in every domain of economic behaviour inequality or relative changes has become a major concern. We propose an inequality-preserving or distribution neutral Pareto criterion-the...
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The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas in every domain of economic behaviour inequality or relative changes has become a major concern. We propose an inequality-preserving or distribution neutral Pareto criterion-the...
Persistent link: https://www.econbiz.de/10012958456
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status driven utility function reconciles the conflict between income based and nutrition based measures of poverty. …
Persistent link: https://www.econbiz.de/10009323226
literature. This paper, using a two commodity framework, attempts to show that in presence of inequality, a status driven utility … such a utility function is constructed to analyse the implications of social inequality on relative prices and the emerging …
Persistent link: https://www.econbiz.de/10009323236
In presence of inequality a status driven utility function reconciles the conflict between income based and nutrition …
Persistent link: https://www.econbiz.de/10008765909