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An Axiomatisation of the Entropy Measure of Inequality
Satya Ranjan Chakravarty
Sankhyā: The Indian Journal of Statistics, Series B (1960-2002)
Vol. 44, No. 3 (Dec., 1982), pp. 351-354
Published by: Indian Statistical Institute
Stable URL: http://www.jstor.org/stable/25052270
Page Count: 4
You can always find the topics here!Topics: Entropy, Income inequality, Income distribution, Social welfare, Economic theory, Income shares
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This note provides an axiomatisation of a social welfare function, which for a given mean income and a given population size ranks all possible income distributions in exactly the opposite way as the entropy measure of inequality.
Sankhyā: The Indian Journal of Statistics, Series B (1960-2002) © 1982 Indian Statistical Institute