Yalonetzky, G orcid.org/0000-0003-2438-0223 (2017) The benchmark of maximum relative bipolarisation. In: Bandyopadhyay, S, (ed.) Research on Economic Inequality: Poverty, Inequality and Welfare. Research on Economic Inequality, 25 . Emerald , Bingley , pp. 39-50. ISBN 978-1-78714-522-1
Abstract
Relative bipolarisation indices are usually constructed making sure that they achieve their minimum value of bipolarisation if and only if distributions are perfectly egalitarian. However, the literature has neglected discussing the existence of a benchmark of maximum relative bipolarisation. Consequently there is no discussion as to the implications of maximum bipolarisation for the optimal normalisation of relative bipolarisation indices either. In this note we characterize the situation of maximum relative bipolarisation as the only one consistent with the key axioms of relative bipolarisation. We illustrate the usefulness of incorporating the concept of maximum relative bipolarisation in the design of bipolarisation indices by identifying, among the family of rank-dependent Wang–Tsui indices, the only subclass fulfilling a normalisation axiom that takes into account both benchmarks of minimum and maximum relative bipolarisation.
Metadata
Item Type: | Book Section |
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Authors/Creators: |
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Editors: |
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Copyright, Publisher and Additional Information: | (c) 2018, Emerald Publishing Limited. This is an author produced version of a paper published in Research on Economic Inequality: Poverty, Inequality and Welfare. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Relative bipolarisation, normalisation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 09 May 2017 11:38 |
Last Modified: | 28 Feb 2024 14:37 |
Published Version: | http://www.emeraldinsight.com/doi/full/10.1108/S10... |
Status: | Published |
Publisher: | Emerald |
Series Name: | Research on Economic Inequality |
Identification Number: | 10.1108/s1049-258520170000025003 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:116098 |