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.
Multidimensional Pigou–Dalton transfers and social evaluation functions / Basili, Marcello; Casaca, Paulo; Chateauneuf, Alain; Franzini, Maurizio. - In: THEORY AND DECISION. - ISSN 0040-5833. - STAMPA. - 83:4(2017), pp. 573-590. [10.1007/s11238-017-9605-0]
Multidimensional Pigou–Dalton transfers and social evaluation functions
Franzini, Maurizio
2017
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.File allegati a questo prodotto
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