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 Muller and Scarsini under risk.
Basili, M., Casaca, P., Chateauneuf, A., Franzini, M. (2016). Multidimensional Pigou-Dalton Transfers and Social Evaluation Functions. DOCUMENTS DE TRAVAIL DU CENTRE D'ÉCONOMIE DE LA SORBONNE(2016/43), 1-19.
Multidimensional Pigou-Dalton Transfers and Social Evaluation Functions
BASILI, MARCELLO;
2016-01-01
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 Muller and Scarsini under risk.
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https://hdl.handle.net/11365/998650
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