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

  • Manfred Nermuth

Abstract

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.

Keywords

Income Distribution Stochastic Dominance Inequality Measure Finite Support Lorenz Dominance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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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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