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Extended Gini index

Author

Listed:
  • Ram Sewak Dubey

    (Montclair State University)

  • Giorgio Laguzzi

    (University of Freiburg in the Mathematical Logic Group)

Abstract

We propose an extended version of Gini index defined on the set of infinite utility streams, X=Y^N where Y is a subset of R. For Y containing at most finitely many elements, the index satisfies the generalized Pigou-Dalton transfer principles in addition to the anonymity axiom.

Suggested Citation

  • Ram Sewak Dubey & Giorgio Laguzzi, 2021. "Extended Gini index," Economics Bulletin, AccessEcon, vol. 41(2), pages 654-661.
    • Handle: RePEc:ebl:ecbull:eb-20-01190
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2021/Volume41/EB-21-V41-I2-P58.pdf
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    References listed on IDEAS

    as
    1. Toyotaka Sakai, 2006. "Equitable Intergenerational Preferences on Restricted Domains," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 27(1), pages 41-54, August.
    2. Chiaki Hara & Tomoichi Shinotsuka & Kotaro Suzumura & Yongsheng Xu, 2008. "Continuity and egalitarianism in the evaluation of infinite utility streams," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 179-191, August.
    3. Dubey, Ram Sewak & Laguzzi, Giorgio, 2021. "Equitable preference relations on infinite utility streams," Journal of Mathematical Economics, Elsevier, vol. 97(C).
    4. Bossert, Walter & Sprumont, Yves & Suzumura, Kotaro, 2007. "Ordering infinite utility streams," Journal of Economic Theory, Elsevier, vol. 135(1), pages 579-589, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Anonymity; Extended Gini index; Generalized Pigou-Dalton transfer principle; Social welfare function.;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D3 - Microeconomics - - Distribution

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