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Welfare Judgements in the Presence Contaminated Data

Cowell, Frank
Publication London School of Economics, 1996
Collection DARP discussion papers; 13
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.
Keywords Welfare dominanceLorenz curveRobustness
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COWELL, Frank, VICTORIA-FESER, Maria-Pia. Welfare Judgements in the Presence Contaminated Data. 1996 https://archive-ouverte.unige.ch/unige:23113

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Deposited on : 2012-10-01

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