MULTIDIMENSIONAL SOCIAL EVALUATION: AN APPLICATION TO THE MEASUREMENT OF HUMAN DEVELOPMENT
Carmen Herrero (),
Ricardo Martinez () and
Antonio Villar ()
Review of Income and Wealth, 2010, vol. 56, issue 3, 483-497
This paper deals with the axiomatic derivation of social evaluation indices in a multidimensional context. The resulting evaluation formula is the geometric mean of the egalitarian equivalent values of the different characteristics under consideration. We provide an application to the measurement of human development and compare the results obtained with those corresponding to the standard (additive) index.
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