Efficiency, equity, and generalized Lorenz dominance

We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find distributi...

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Bibliographische Detailangaben
1. Verfasser: Kleiber, Christian (VerfasserIn)
Weitere Verfasser: Krämer, Walter (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Munich Univ., Center for Economic Studies 2000
Schriftenreihe:CESifo working paper series 343
Schlagworte:
Lorenz-Kurve > Wohlfahrtsökonomik > Einkommensverteilung > Präferenztheorie > Erwartungsnutzen > Theorie > Entscheidung unter Risiko > Arbeitspapier > Graue Literatur
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Zusammenfassung:We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find distributions H1 and H2 such that F stochastically dominates H1 and H1 Lorenz-dominates G, and such that F Lorenz-dominates H2 and H2 stochastically dominates G. We also show that generalized Lorenz dominance is characterized by this property and discuss the implications of these results for choice under risk.
Beschreibung:Literaturverz. S. 12 - 13
Auch im Internet unter der Adresse ftp://129.187.96.124/CESifo_WP/343.pdf verfügbar
Beschreibung:13 S