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Monotonicity and the Pareto principle

Amiel, Yoram and Cowell, Frank (1993) Monotonicity and the Pareto principle. DARP (6). Suntory and Toyota International Centres for Economics and Related Disciplines, London, UK.

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We examine the implications of three similar criteria that are commonly used in welfare economics and the analysis of inequality and poverty - income dominance, monotonicity and the Pareto principle - within the context of income-distribution comparisons. We show that whilst there is a simple logical relationship between the first two criteria, the third is neither implied by nor implies the other two unless an assumption of individual indifference to income distribution is made.

Item Type: Monograph (Discussion Paper)
Official URL:
Additional Information: © 1993 Yoram Amiel and Frank Cowell
Divisions: Economics
Centre for Analysis of Social Exclusion
Subjects: H Social Sciences > HB Economic Theory
Date Deposited: 07 Jul 2008 15:48
Last Modified: 16 May 2024 11:17

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