A characterization of the Esteban–Ray polarization measures
Yoko Kawada,
Yuta Nakamura and
Keita Sunada
Economics Letters, 2018, vol. 169, issue C, 35-37
Abstract:
Esteban and Ray (1994) formalized the idea of polarization and developed a theory for its measurement. In their main theorem, they claimed that a class of polarization measures, called the Esteban–Ray measures, is characterized by a set of axioms that capture the idea of polarization. However, in this study, we show that the claim does not hold by presenting a counterexample. We amend their main theorem by strengthening the first axiom.
Keywords: Polarization; Esteban–Ray polarization measures (search for similar items in EconPapers)
JEL-codes: D31 D63 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:169:y:2018:i:c:p:35-37
DOI: 10.1016/j.econlet.2018.05.011
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