Shared destinies and the measurement of social risk equity

Thibault Gajdos (), John Weymark and Claudio Zoli

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: The evaluation of social risk equity for alternative probability distributions over the potential sets of fatalities is analyzed axiomatically. Fishburn and Straffin [Equity considerations in public risks valuation, Operatons Research 37 (1999), 229-239] have identified a necessary and sufficient condition for two social risk distributions to be judged to be socially indifferent whenever their associated distributions of risk of death for individuals and for the number of fatalities are the same. It is argued that this approach does not permit society to exhibit any concern for the number of people an individual perishes with. A weakening of the Fishburn-Straffin condition that is compatible with a concern for shared destinies is proposed

Keywords: Social risk evaluation; social risk equity; public risk; shared destinies (search for similar items in EconPapers)
JEL-codes: D63 D81 H43 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2008-10
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Citations: View citations in EconPapers (5)

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ftp://mse.univ-paris1.fr/pub/mse/CES2008/V08069.pdf (application/pdf)

Related works:
Journal Article: Shared destinies and the measurement of social risk equity (2010)
Working Paper: Shared destinies and the measurement of social risk equity (2008)
Working Paper: Shared destinies and the measurement of social risk equity (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:v08069

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