Different Economic Theories with the Same Formal Structure: Risk, Income Inequality, Information Structures, etc.

  • Manfred Nermuth


We state certain known results on (i) the inequality of income distributions, (ii) the riskiness of lotteries, and (iii) the informativeness of information structures, all in a multidimensional setup. We observe that these apparently different results all have the same formal structure and state a general mathematical theorem on the comparison of distributions of which they are all special cases.


Income Distribution Stochastic Dominance Inequality Measure Finite Support Lorenz Dominance 
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Copyright information

© Springer-Verlag Berlin · Heidelberg 1993

Authors and Affiliations

  • Manfred Nermuth
    • 1
  1. 1.Institut für WirtschaftswissenschaftenUniversität WienWienAustria

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