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Welfare Judgements in the Presence Contaminated Data

Posted: 21 Feb 2008  

Frank Cowell

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

Maria-Pia Victoria-Feser

University of Geneva - HEC

Date Written: January 1996

Abstract

The economic analysis of income distribution and related topics makes extensive use of dominance criteria to draw inferences about welfare comparisons. However it is possible that - just as some inequality statistics can be very sensitive to extreme values - conclusions drawn from empirical implementations of dominance criteria may also be influenced by data contamination. We show the conditions under which this may occur and propose empirical methods to work round the problem.

Suggested Citation

Cowell, Frank and Victoria-Feser, Maria-Pia, Welfare Judgements in the Presence Contaminated Data (January 1996). LSE STICERD Research Paper No. 13. Available at SSRN: https://ssrn.com/abstract=1094738

Frank A. Cowell (Contact Author)

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)

Maria-Pia Victoria-Feser

University of Geneva - HEC ( email )

40 Boulevard du Pont d'Arve
Geneva 4, 1211
Switzerland

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