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Multivariate Majorization

In: Contributions to Probability and Statistics

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  • Somesh Das Gupta

    (Indian Statistical Institute)

  • Subir Kumar Bhandari

    (Indian Statistical Institute)

Abstract

The concept of univariate majorization plays a central role in the study of Lorenz dominance for income distribution comparisions in economics. The first part of this paper reviews different conditions which are equivalent to Lorenz dominance. The second part of the present paper poses the question whether such equivalences extend to the multivariate case. Some concepts of multivariate majorization are presented along with a few new results. For economic applications, the notion of a concave utility function on vector observations appears to play a crucial role in multivariate majorization. It is shown that such concavity follows from some easily understandable axioms.

Suggested Citation

  • Somesh Das Gupta & Subir Kumar Bhandari, 1989. "Multivariate Majorization," Springer Books, in: Leon Jay Gleser & Michael D. Perlman & S. James Press & Allan R. Sampson (ed.), Contributions to Probability and Statistics, chapter 3, pages 63-74, Springer.
  • Handle: RePEc:spr:sprchp:978-1-4612-3678-8_6
    DOI: 10.1007/978-1-4612-3678-8_6
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