Utility and income transfer principles: Interplay and incompatibility

Marc Dubois (dubois.marc33@gmail.com) and Stéphane Mussard
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Marc Dubois: IL - Institut Langevin - Ondes et Images (UMR7587) - ESPCI Paris - Ecole Superieure de Physique et de Chimie Industrielles de la Ville de Paris - PSL - Université Paris Sciences et Lettres - SU - Sorbonne Université - CNRS - Centre National de la Recherche Scientifique

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Abstract: In this paper, it is assumed that income does not have a linear correspondence with utility. Consequently, transfers of income and transfers of utility that could improve social welfare are studied. The conditions for the fulfillment of generalized income transfer principles, relevant to any given order of stochastic dominance, are determined. The result relies on Bell polynomials and states that an income transfer principle of any order does not necessarily satisfy the utility transfer principle of the corresponding order.

Keywords: Bell polynomial; Inequality aversion; Transfer principle JEL Classification: D63 (search for similar items in EconPapers)
Date: 2019-05
New Economics Papers: this item is included in nep-upt
Note: View the original document on HAL open archive server: https://hal.science/hal-02145100v1
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Citations: View citations in EconPapers (2)

Published in Mathematical Social Sciences, 2019, ⟨10.1016/j.mathsocsci.2019.05.001⟩

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Journal Article: Utility and income transfer principles: Interplay and incompatibility (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02145100

DOI: 10.1016/j.mathsocsci.2019.05.001

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