The Welfare Evaluation of Primary Goods: A Suggestion

Antonio Villar

No 98, Economics Series from Institute for Advanced Studies

Abstract: This paper presents a characterization of a welfare index for the evaluation of primary goods (to be understood as those goods that all agents should enjoy equally). The welfare associated with a given distribution of n primary goods among m agents is measured as the sum of n real-valued functions, one for each good, which are increasing in the aggregate consumption and decreasing in its dispersion (measured by Theil's first inequality index).

Keywords: Welfare evaluation; Inequality; Primary goods (search for similar items in EconPapers)
JEL-codes: D30 D63 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2001-03
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https://irihs.ihs.ac.at/id/eprint/1331 First version, 2001 (application/pdf)

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