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Fleurbaey, Hagneré and Trannoy (2003) develop a bounded dominance test to make robust welfare comparisons, which is intermediate between Ebert’s (1999) cardinal dominance criterion – generalized Lorenz dominance applied to household incomes, divided and weighted by an equivalence scale –...
Persistent link: https://www.econbiz.de/10005808046
To take into account heterogeneity in a social welfare function, Ebert (1997) and Shorrocks (1995) show that the only consistent way of welfare measurement consists of either constructing an artificial distribution in which each household is weighted by the number of equivalent individuals, or...
Persistent link: https://www.econbiz.de/10005770840
<link rid="b12">Fleurbaey <i>et al.</i> (2003)</link> develop a bounded dominance test to make robust welfare comparisons, which is intermediate between <link rid="b10">Ebert's (1999)</link> cardinal dominance criterion-generalized Lorenz dominance applied to household incomes, divided and weighted by an equivalence scale-and <link rid="b2">Bourguignon's (1989)</link>...
Persistent link: https://www.econbiz.de/10005202012
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Fleurbaey, Hagnere and Trannoy (2003) develop a bounded dominance test to make robust welfare comparisons, which is intermediate between Ebert's (1999) cardinal dominance criterion - generalized Lorenz dominance applied to household incomes, divided and weighted by an equivalence scale - and...
Persistent link: https://www.econbiz.de/10014062239
In the spirit of Fleurbaey et al. (2001), it is tempting to introduce more reasonable lower and upper bounds in Atkinson and Bourguigon’s (1987) sequential generalized Lorenz dominance procedure. Unfortunately, our proposal leads, at best, to an average household income criterion, which is...
Persistent link: https://www.econbiz.de/10005808026