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Penalty-Based and Other Representations of Economic Inequality

Version 2 2024-06-04, 03:29
Version 1 2017-01-20, 16:35
journal contribution
posted on 2016-12-01, 00:00 authored by Gleb BeliakovGleb Beliakov, Marek Gagolewski, Simon JamesSimon James
Economic inequality measures are employed as a key component in various socio-demographic indices to capture the disparity between the wealthy and poor. Since their inception, they have also been used as a basis for modelling spread and disparity in other contexts. While recent research has identified that a number of classical inequality and welfare functions can be considered in the framework of OWA operators, here we propose a framework of penalty-based aggregation functions and their associated penalties as measures of inequality.

History

Journal

International Journal of Uncertainty, Fuzziness and Knowlege-Based Systems

Volume

24

Issue

Suppl. 1

Pagination

1 - 23

Publisher

WORLD SCIENTIFIC PUBL CO PTE LTD

ISSN

0218-4885

eISSN

1793-6411

Language

English

Publication classification

C Journal article; C1 Refereed article in a scholarly journal

Copyright notice

2016, World Scientific Publishing