Efficiency based measures of inequality

Andonie C, Kuzmics C, Rogers BW (2014) Center for Mathematical Economics Working Papers; 512.
Bielefeld: Center for Mathematical Economics.

Diskussionspapier | Veröffentlicht| Englisch
 
Download
OA 376.68 KB
Autor/in
Andonie, Costel; Kuzmics, ChristophUniBi ; Rogers, Brian W.
Abstract / Bemerkung
How should we make value judgments about wealth inequality? Harsanyi (1953) proposes to take an individual who evaluates her well-being by expected utility and ask her to evaluate the wealth possibilities ex-ante (i.e. before she finds her place in society, i.e., under the \veil of ignorance" of Rawls (1971)) assuming that she will be allocated any one of the possible wealth levels with equal probability. We propose a different notion of how wealth levels are allocated, based on a competition or contest. We find that inequality can be captured through the equilibrium properties of such a game. We connect the inequality measures so derived to existing measures of inequality, and demonstrate the conditions under which they satisfy the received key axioms of inequality measures (anonymity, homogeneity and the Pigou-Dalton transfer principle). Our approach also provides a natural way to discuss the tradeoff between greater total wealth and greater inequality.
Stichworte
utilitarianism; inequality; contests
Erscheinungsjahr
2014
Band
512
Seite(n)
21
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2901597

Zitieren

Andonie C, Kuzmics C, Rogers BW. Efficiency based measures of inequality. Center for Mathematical Economics Working Papers. Vol 512. Bielefeld: Center for Mathematical Economics; 2014.
Andonie, C., Kuzmics, C., & Rogers, B. W. (2014). Efficiency based measures of inequality (Center for Mathematical Economics Working Papers, 512). Bielefeld: Center for Mathematical Economics.
Andonie, C., Kuzmics, C., and Rogers, B. W. (2014). Efficiency based measures of inequality. Center for Mathematical Economics Working Papers, 512, Bielefeld: Center for Mathematical Economics.
Andonie, C., Kuzmics, C., & Rogers, B.W., 2014. Efficiency based measures of inequality, Center for Mathematical Economics Working Papers, no.512, Bielefeld: Center for Mathematical Economics.
C. Andonie, C. Kuzmics, and B.W. Rogers, Efficiency based measures of inequality, Center for Mathematical Economics Working Papers, vol. 512, Bielefeld: Center for Mathematical Economics, 2014.
Andonie, C., Kuzmics, C., Rogers, B.W.: Efficiency based measures of inequality. Center for Mathematical Economics Working Papers, 512. Center for Mathematical Economics, Bielefeld (2014).
Andonie, Costel, Kuzmics, Christoph, and Rogers, Brian W. Efficiency based measures of inequality. Bielefeld: Center for Mathematical Economics, 2014. Center for Mathematical Economics Working Papers. 512.
Alle Dateien verfügbar unter der/den folgenden Lizenz(en):
Copyright Statement:
This Item is protected by copyright and/or related rights. [...]
Volltext(e)
Access Level
OA Open Access
Zuletzt Hochgeladen
2019-09-06T09:18:36Z
MD5 Prüfsumme
aeccfc81486be1bc3c9b4b05e06e098c

Export

Markieren/ Markierung löschen
Markierte Publikationen

Open Data PUB

Suchen in

Google Scholar