Increasing discriminatory power in well-being analysis using convex stochastic dominance

Gordon Anderson () and Thierry Post
Additional contact information
Gordon Anderson: University of Toronto
Thierry Post: Nazarbayev University Graduate School of Business

Social Choice and Welfare, 2018, vol. 51, issue 3, No 7, 561 pages

Abstract: Abstract The complementary concepts of Stochastic Dominance Optimality and Stochastic Dominance Inferiority are developed and employed to detect collections of distributions with the highest and lowest levels of shared prosperity respectively. These resulting sets can be smaller than the standard sets of maximal and minimal elements based on multiple pairwise comparisons. Linear Programming techniques for implementing the twin concepts are derived and implemented in empirical and simulated examples based on aggregated income distributions to demonstrate the potential gains in discriminatory power.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s00355-018-1127-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sochwe:v:51:y:2018:i:3:d:10.1007_s00355-018-1127-3

Ordering information: This journal article can be ordered from
http://www.springer. ... c+theory/journal/355

DOI: 10.1007/s00355-018-1127-3

Access Statistics for this article

Social Choice and Welfare is currently edited by Bhaskar Dutta, Marc Fleurbaey, Elizabeth Maggie Penn and Clemens Puppe

More articles in Social Choice and Welfare from Springer, The Society for Social Choice and Welfare Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().