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UPPER BOUNDEDNESS FOR THE MEASUREMENT OF RELATIVE DEPRIVATION
Author(s) -
Esposito Lucio
Publication year - 2010
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.2010.00396.x
Subject(s) - relative deprivation , measure (data warehouse) , function (biology) , index (typography) , economics , phenomenon , work (physics) , mathematical economics , econometrics , mathematics , psychology , social psychology , computer science , epistemology , physics , biology , philosophy , thermodynamics , database , evolutionary biology , world wide web
A new index of relative deprivation is derived axiomatically. Thanks to an asymptotically concave individual contribution function, the new measure provides a sounder quantification to the concept of relative deprivation as conceptualized in the seminal work of Runciman (1966) and better reflects the sociological connotations of the phenomenon.