The Welfare Evaluation of Primary Goods: A Suggestion

Villar, Antonio (March 2001) The Welfare Evaluation of Primary Goods: A Suggestion. Former Series > Working Paper Series > IHS Economics Series 98


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Abstract: This paper presents a characterization of a welfare index for the evaluation of primary goods (to be understood as those goods that all agents should enjoy equally). The welfare associated with a given distribution of n primary goods amongm agents is measured as the sum of n real-valued functions, one for each good, which are increasing in the aggregate consumption and decreasing in its dispersion (measured by Theil's first inequality index).;

Item Type: IHS Series
Keywords: 'Welfare evaluation' 'Inequality' 'Primary goods'
Classification Codes (e.g. JEL): D30, D63
Date Deposited: 26 Sep 2014 10:37
Last Modified: 27 Sep 2019 06:32
ISBN: 1605-7996

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