Monotonicity and the Pareto principle
Amiel, Yoram; and Cowell, Frank
(1993)
Monotonicity and the Pareto principle.
[Working paper]
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 | Working paper |
|---|---|
| Keywords | Monotonicity; Pareto superiority; income dominance |
| Departments |
Economics STICERD Centre for Analysis of Social Exclusion |
| Date Deposited | 07 Jul 2008 15:48 |
| URI | https://researchonline.lse.ac.uk/id/eprint/6625 |
Explore Further
- http://sticerd.lse.ac.uk/dps/darp/darp6.pdf (Publisher)
ORCID: https://orcid.org/0000-0002-3778-2152