Monotonicity and the Pareto Principle (Now Published in Economic Letters 45 (1994), Pp.447-450)

Posted: 21 Feb 2008

See all articles by Yoram Amiel

Yoram Amiel

Ruppin Academic Center - Department of Economics and Management

Frank Cowell

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)

Date Written: October 1993

Abstract

We examine the implications of three similar criteria that are commonly used in welfare economics and the analysis of inequality and poverty - income dominance, monotonicity and the Pareto principle - within the context of income-distribution comparisons. We show that whilst there is a simple logical relationship between the first two criteria, the third is neither implied by nor implies the other two unless an assumption of individual indifference to income distribution is made.

Suggested Citation

Amiel, Yoram and Cowell, Frank A., Monotonicity and the Pareto Principle (Now Published in Economic Letters 45 (1994), Pp.447-450) (October 1993). LSE STICERD Research Paper No. 06. Available at SSRN: https://ssrn.com/abstract=1094731

Yoram Amiel (Contact Author)

Ruppin Academic Center - Department of Economics and Management ( email )

Emek Hefer 40250
Israel

Frank A. Cowell

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) ( email )

Houghton Street
London WC2A 2AE
United Kingdom
+44 (0)171-955 7277 (Phone)
+44 (0)171-242 2357 (Fax)

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