An inequality measure for stochastic allocations

A-Tier
Journal: Journal of Economic Theory
Year: 2012
Volume: 147
Issue: 4
Pages: 1517-1544

Authors (2)

Score contribution per author:

2.018 = (α=2.02 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Few papers in the literature on inequality measurement deal with uncertainty, particularly when the ranking of cohorts may not be fixed. We present a set of axioms implying such a class of inequality measures under uncertainty that is a one-parameter extension of the generalized Gini mean over the distribution of average allocations. The extension consists of a quadratic term accounting for inter-personal correlations. In particular, our measure can simultaneously accommodate a preference for “shared destiny”, a preference for probabilistic mixtures over unfair allocations, and a preference for fairness “for sure” over fairness in expectation.

Technical Details

RePEc Handle
repec:eee:jetheo:v:147:y:2012:i:4:p:1517-1544
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25