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On revealed diversity

Author

Listed:
  • Gaetano Gaballo

    (Banque de France)

  • Ernesto Savaglio

    (DEC, University of Pescara and GRASS)

Abstract

We introduce and characterize axiomatically a diversity criterion, capturing individual dissimilarity as ‘revealed’ by the different best-choices that members of a society select from a set of opportunities. Diversity ordering is induced by a class of frequency-based evaluation functions, the one element of which is the celebrated diversity measure, Shannon entropy.

Suggested Citation

  • Gaetano Gaballo & Ernesto Savaglio, 2012. "On revealed diversity," Working Papers 254, ECINEQ, Society for the Study of Economic Inequality.
    • Handle: RePEc:inq:inqwps:ecineq2012-254
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    File URL: http://www.ecineq.org/milano/WP/ECINEQ2012-254.pdf
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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