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Welfare rankings from multivariate data, a nonparametric approach.

Abstract:
Economic and social welfare is inherently multidimensional. However, choosing a measure which combines several indicators is difficult and may have unintendend and undesirable effects on the incentives of policy makers. We develop a nonparametric empirical method for deriving welfare rankings for a social planner based on data envelopment, which avoids the need to specify a weighting scheme. We apply this method to data on Human Development.

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Publisher:
Elsevier
Journal:
Journal of Public Economics
Volume:
95
Issue:
3-4
Pages:
247 - 252
Publication date:
2011-04-01
DOI:
ISSN:
0047-2727
Language:
English
UUID:
uuid:6d9af318-bb33-4406-a2aa-8aa3a4076140
Local pid:
oai:economics.ouls.ox.ac.uk:14969
Deposit date:
2011-08-16

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