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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Abstract
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) |
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| Official URL: | http://sticerd.lse.ac.uk |
| Additional Information: | © 1993 Yoram Amiel and Frank Cowell |
| Divisions: | Economics STICERD Centre for Analysis of Social Exclusion |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 07 Jul 2008 15:48 |
| Last Modified: | 15 Sep 2023 22:41 |
| URI: | http://eprints.lse.ac.uk/id/eprint/6625 |
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