We axiomatize, in the multidimensional case, a social evaluation function that can accommodate a natural Pigou–Dalton principle and correlation increasing majorization. This is performed by building upon a simple class of inframodular functions proposed by Müller and Scarsini under risk.
Basili, M., Casaca, P., Chateauneuf, A., Franzini, M. (2017). Multimensional Pigou-Dalton transfers and social evaluation functions. THEORY AND DECISION, 83, 573-590 [10.1007/s11238-017-9605-0].
Multimensional Pigou-Dalton transfers and social evaluation functions
Basili, Marcello;
2017-01-01
Abstract
We axiomatize, in the multidimensional case, a social evaluation function that can accommodate a natural Pigou–Dalton principle and correlation increasing majorization. This is performed by building upon a simple class of inframodular functions proposed by Müller and Scarsini under risk.
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https://hdl.handle.net/11365/1010117