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Monotonicity and the Pareto principle

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We examine the implications of three similar criteria that are commonly used in welfare economics and the analysis of inequality and poverty - income dominance, monotonicity and the Pareto principle - within the context of income-distribution comparisons. We show that whilst there is a simple logical relationship between the first two criteria, the third is neither implied by nor implies the other two unless an assumption of individual indifference to income distribution is made.

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en

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application/pdf

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http://eprints.lse.ac.uk/6625/1/Monotonicity_and_the_Pareto_Principle.pdf

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