Elitism and Stochastic Dominance

Stephen Bazen and Patrick Moyes

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: Stochastic dominance has been typically used with a special emphasis on risk and in-equality reduction something captured by the concavity of the utility function in the expected utility model. We claim that the applicability of the stochastic dominance ap-proach goes far beyond risk and inequality measurement provided suitable adaptations be made. We apply in the paper the stochastic dominance approach to the measurement of elitism which may be considered the opposite of egalitarianism. While the usual stochastic dominance quasi-orderings attach more value to more equal and more effi-cient distributions, our criteria ensure that, the more unequal and the more efficient the distribution, the higher it is ranked. Two instances are provided by (i) comparisons of scientific performance across institutions like universities or departments, and (ii) com-parisons of affluence as opposed to poverty between countries.

Keywords: Decumulative Distribution Functions; Stochastic Dominance; Regressive Transfers; Elitism; Scientific Performance; Affluence (search for similar items in EconPapers)
JEL-codes: D31 D63 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ore and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Elitism and stochastic dominance (2012)
Working Paper: Elitism and stochastic dominance (2012)
Working Paper: Elitism and Stochastic Dominance (2011)
Working Paper: Elitism and Stochastic Dominance (2011)
Working Paper: Elitism and stochastic dominance (2010)
Working Paper: Elitism and stochastic dominance (2010)
Working Paper: Elitism and stochastic dominance (2009)
Working Paper: Elitism and stochastic dominance (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2011-08

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