Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution

A. Charnes; S. Duffuaa; M. Intriligator

doi:10.1007/BF00935461

Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution

A. Charnes^*, S. Duffuaa, M. Intriligator

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

In this paper, we cast the problem of income redistribution in two different ways, one as a nonlinear goal programming model and the other as a game theoretic model. These two approaches give characterizations for the probabilistic approach suggested by Intriligator for this problem. All three approaches reinforce the linear income redistribution plan as a desirable mechanism of income redistribution.

Original language	English
Pages (from-to)	435-451
Number of pages	17
Journal	Journal of Optimization Theory and Applications
Volume	44
Issue number	3
DOIs	https://doi.org/10.1007/BF00935461
State	Published - Nov 1984
Externally published	Yes

Keywords

Kullback-Leibler information function
Probabilistic approach
Shapley value
core of a game
linear income system
nonlinear goal programming

ASJC Scopus subject areas

Control and Optimization
Management Science and Operations Research
Applied Mathematics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/BF00935461

Cite this

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title = "Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution",

abstract = "In this paper, we cast the problem of income redistribution in two different ways, one as a nonlinear goal programming model and the other as a game theoretic model. These two approaches give characterizations for the probabilistic approach suggested by Intriligator for this problem. All three approaches reinforce the linear income redistribution plan as a desirable mechanism of income redistribution.",

keywords = "Kullback-Leibler information function, Probabilistic approach, Shapley value, core of a game, linear income system, nonlinear goal programming",

author = "A. Charnes and S. Duffuaa and M. Intriligator",

year = "1984",

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doi = "10.1007/BF00935461",

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T1 - Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution

AU - Charnes, A.

AU - Duffuaa, S.

AU - Intriligator, M.

PY - 1984/11

Y1 - 1984/11

N2 - In this paper, we cast the problem of income redistribution in two different ways, one as a nonlinear goal programming model and the other as a game theoretic model. These two approaches give characterizations for the probabilistic approach suggested by Intriligator for this problem. All three approaches reinforce the linear income redistribution plan as a desirable mechanism of income redistribution.

AB - In this paper, we cast the problem of income redistribution in two different ways, one as a nonlinear goal programming model and the other as a game theoretic model. These two approaches give characterizations for the probabilistic approach suggested by Intriligator for this problem. All three approaches reinforce the linear income redistribution plan as a desirable mechanism of income redistribution.

KW - Kullback-Leibler information function

KW - Probabilistic approach

KW - Shapley value

KW - core of a game

KW - linear income system

KW - nonlinear goal programming

UR - https://www.scopus.com/pages/publications/0021522969

U2 - 10.1007/BF00935461

DO - 10.1007/BF00935461

M3 - Article

AN - SCOPUS:0021522969

SN - 0022-3239

VL - 44

SP - 435

EP - 451

JO - Journal of Optimization Theory and Applications

JF - Journal of Optimization Theory and Applications

IS - 3

ER -

Extremal and game-theoretic characterizations of the probabilistic approach to income redistribution

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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