A model of social welfare improving transfers

Brice Magdalou

CEE-M Working Papers from CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro

Abstract: We establish an equivalence theorem between (i) dominance of one society by another, according to a finite sequence of social welfare improving transfers and (ii) dominance according to a class of social welfare functions, in the following framework: individual outcomes are multidimensional but finitely divisible in each dimension, a distribution simply counts the number of individuals having each possible outcome, and the considered set of transfers has the structure of a discrete cone. This framework encompasses most of the social welfare improving transfers investigated in the literature such as, for instance, Pigou-Dalton progressive transfers. As by-products, our model sheds new light on some surprising results in the literature on social deprivation, and provides new arguments on the key role of the expected utility model in decision-making under risk.

Keywords: welfare-improving transfers; stochastic dominance.; inequality; social welfare (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-mic and nep-upt
Note: View the original document on HAL open archive server: https://hal.science/hal-01975452v1
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: A model of social welfare improving transfers (2021)
Working Paper: A model of social welfare improving transfers (2021)
Working Paper: A model of social welfare improving transfers (2019)
Working Paper: A model of social welfare improving transfers (2018)
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