TY - JOUR
T1 - On the Measurement of Inequality under Uncertainty
AU - Ben-Porath, Elchanan
AU - Gilboa, Itzhak
AU - Schmeidler, David
N1 - Also appeared in Uncertainty in Economic Theory : Essays in Honor of David Schmeidler's 65th Birthday edited by Itzhak Gilboa (London ; New York : Routledge, 2004), p. 531-542
PY - 1997/7
Y1 - 1997/7
N2 - To take into account both ex ante and ex post inequality considerations, one has to deal with inequality and uncertainty simultaneously. Under certainty, much of the literature has focused on "comonotonically linear" indices: functionals that are linear on cones of income profiles that agree on the social ranking of the individuals. This family generalizes both the Gini index and the egalitarian index(minimal income). However, it does not include functionals such as the average of expected-Gini and Gini-of-expectation. In contrast, the family of min-of-means functionals is rich enough for this purpose.Journal of Economic LiteratureClassification Numbers: D31, D63, D81.
AB - To take into account both ex ante and ex post inequality considerations, one has to deal with inequality and uncertainty simultaneously. Under certainty, much of the literature has focused on "comonotonically linear" indices: functionals that are linear on cones of income profiles that agree on the social ranking of the individuals. This family generalizes both the Gini index and the egalitarian index(minimal income). However, it does not include functionals such as the average of expected-Gini and Gini-of-expectation. In contrast, the family of min-of-means functionals is rich enough for this purpose.Journal of Economic LiteratureClassification Numbers: D31, D63, D81.
UR - http://www.scopus.com/inward/record.url?scp=0002380531&partnerID=8YFLogxK
U2 - 10.4324/9780203358061
DO - 10.4324/9780203358061
M3 - Article
AN - SCOPUS:0002380531
SN - 0022-0531
VL - 75
SP - 194
EP - 204
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 1
ER -