Concept information
Término preferido
axiom of monotonicity and axiom of transfers
Definición
- IN WELFARE ECONOMICS, the axiom of monotonicity and the axiom of transfers are simplifying assumptions used to assess the effect of different income distributions on the general well-being (the social welfare) of a society. Although they are not true axioms in the logical sense of being self-evident and undeniable propositions (for example, A=A), the axioms of monotonicity and transfers represent common sense, plausible generalizations about human nature and human society. [Source: Encyclopedia of World Poverty; Axiom of Monotonicity and Axiom of Transfers]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-Z807B4WH-6
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