Soc. Choice Welf
Autor: | Nicolas Gravel, Patrick Moyes, Brice Magdalou |
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Přispěvatelé: | Groupe de Recherche en Economie Théorique et Appliquée (GREThA), Université de Bordeaux (UB)-Centre National de la Recherche Scientifique (CNRS) |
Rok vydání: | 2018 |
Předmět: |
Economics and Econometrics
[QFIN]Quantitative Finance [q-fin] Inequality Distribution (number theory) media_common.quotation_subject 05 social sciences Lexicographical order Minimax Variable (computer science) Simple (abstract algebra) 0502 economics and business 050206 economic theory 050207 economics Social choice theory Welfare Mathematical economics Social Sciences (miscellaneous) media_common Mathematics |
Zdroj: | Social Choice and Welfare Social Choice and Welfare, Springer Verlag, In press, 52 (3), pp.453-475 |
ISSN: | 1432-217X 0176-1714 |
Popis: | What would be the analogue of the Lorenz quasi-ordering when the variable of interest is continuous and of a purely ordinal nature? We argue that it is possible to derive such a criterion by substituting for the Pigou–Dalton transfer used in the standard inequality literature what we refer to as a Hammond progressive transfer. According to this criterion, one distribution of utilities is considered to be less unequal than another if it is judged better by both the lexicographic extensions of the maximin and the minimax, henceforth referred to as the leximin and the antileximax, respectively. If one imposes in addition that an increase in someone’s utility makes the society better off, then one is left with the leximin, while the requirement that society welfare increases as the result of a decrease of one person’s utility gives the antileximax criterion. Incidentally, the paper provides an alternative and simple characterisation of the leximin principle widely used in the social choice and welfare literature. |
Databáze: | OpenAIRE |
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