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On Revealed Diversity

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  • Gaetano Gaballo
  • Ernesto Savaglio

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," Department of Economics University of Siena 635, Department of Economics, University of Siena.
    • Handle: RePEc:usi:wpaper:635
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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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