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Elitism and Stochastic Dominance

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  • Stephen BAZEN (GREQAM, CNRS, UMR 6579)
  • Patrick MOYES (GREThA, CNRS, UMR 5113)

Abstract

Stochastic dominance has been typically used with a special emphasis on risk and in-equality reduction something captured by the concavity of the utility function in the expected utility model. We claim that the applicability of the stochastic dominance ap-proach goes far beyond risk and inequality measurement provided suitable adaptations be made. We apply in the paper the stochastic dominance approach to the measurement 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 effi-cient distributions, our criteria ensure that, the more unequal and the more 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) com-parisons of affluence as opposed to poverty between countries.

Suggested Citation

  • Stephen BAZEN (GREQAM, CNRS, UMR 6579) & Patrick MOYES (GREThA, CNRS, UMR 5113), 2011. "Elitism and Stochastic Dominance," Cahiers du GREThA 2011-08, Groupe de Recherche en Economie Théorique et Appliquée.
  • Handle: RePEc:grt:wpegrt:2011-08
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Peichl, Andreas & Pestel, Nico, 2010. "Multidimensional Measurement of Richness: Theory and an Application to Germany," IZA Discussion Papers 4825, Institute for the Study of Labor (IZA).
    2. Nicolas CARAYOL & Agenor LAHATTE, 2014. "Dominance relations and ranking when quantity and quality both matter: Applications to US universities and econ. departments worldwide," Cahiers du GREThA 2014-14, Groupe de Recherche en Economie Théorique et Appliquée.
    3. Stephen Bazen & Patrick Moyes, 2012. "Elitism and stochastic dominance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, pages 207-251.
    4. Paul Makdissi & Myra Yazbeck, 2015. "On the measurement of plutonomy," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 44(4), pages 703-717, April.
    5. Bouyssou, Denis & Marchant, Thierry, 2014. "An axiomatic approach to bibliometric rankings and indices," Journal of Informetrics, Elsevier, vol. 8(3), pages 449-477.
    6. Nicolas CARAYOL (GREThA) & Agenor LAHATTE (OST), 2011. "Dominance relations when both quantity and quality matter, and applications to the\r\ncomparison of US research universities and worldwide top departments in economics," Cahiers du GREThA 2011-22, Groupe de Recherche en Economie Théorique et Appliquée.

    More about this item

    Keywords

    Decumulative Distribution Functions; Stochastic Dominance; Regressive Transfers; Elitism; Scientific Performance; Affluence;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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