Elitism and Stochastic Dominance
AbstractStochastic dominance has typically been used with a special emphasis on risk and inequality reduction something captured by the concavity of the utility function in the expected utility model. We claim that the applicability of the stochastic dominance approach goes far beyond risk and inequality measurement provided suitable adpations be made. We apply in the paper the stochastic dominance approach to the measurment of elitism which may be considered the opposite of egalitarianism. While the usual stochastic dominance quasi-orderings attach more value to more equal and more efficient distributions, our criteria ensure that the more unequal and the more the efficient the distribution, the higher it is ranked. two instances are provided by (i) comparisons of scientific performance across institutions like universities or departments and (ii) comparisons of affluence as opposed to poverty across countries.
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Date of creation: 14 Mar 2011
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Decumulative distribution functions; Stochastic dominance; Regressive transfers; Elitism; Scientific Performance; Affluence;
Other versions of this item:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-03-26 (All new papers)
- NEP-ORE-2011-03-26 (Operations Research)
- NEP-UPT-2011-03-26 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Stephen Bazen & Patrick Moyes, 2011. "Elitism and Stochastic Dominance," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00576585, HAL.
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- Stephen Bazen & Patrick Moyes, 2011.
"Elitism and Stochastic Dominance,"
UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers)
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