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

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Mathematical Modelling in Economics

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.

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© 1993 Springer-Verlag Berlin · Heidelberg

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Nermuth, M. (1993). Different Economic Theories with the Same Formal Structure: Risk, Income Inequality, Information Structures, etc.. In: Diewert, W.E., Spremann, K., Stehling, F. (eds) Mathematical Modelling in Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-78508-5_26

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  • DOI: https://doi.org/10.1007/978-3-642-78508-5_26

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-78510-8

  • Online ISBN: 978-3-642-78508-5

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