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The Welfare Evaluation of Primary Goods: A Suggestion

Author

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  • Villar, Antonio

    (Department of Economics, University of Alicante)

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 among m 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).

Suggested Citation

  • Villar, Antonio, 2001. "The Welfare Evaluation of Primary Goods: A Suggestion," Economics Series 98, Institute for Advanced Studies.
    • Handle: RePEc:ihs:ihsesp:98
    as

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    File URL: https://irihs.ihs.ac.at/id/eprint/1331
    File Function: First version, 2001
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    References listed on IDEAS

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    More about this item

    Keywords

    Welfare evaluation; Inequality; Primary goods;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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