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Ritabrata Munshi and Soumyanetra Munshi
''An $L^p$-norm based approach to measuring inter-distributional inequality''
( 2017, Vol. 37 No.2 )
This note proposes a class of indices of inter-distributional inequality (IDI) based on $L^p$-norm. We also modify the axiom of translation invariance and make it `level sensitive'. Level sensitivity, in the context of IDI measures, essentially captures the idea that an IDI is less affected by change in the distributional inequality at higher margins of the distributions than at the lower margins. Our proposed IDI measure, in addition to satisfying some standard properties of IDI measures, also satisfies the axiom of level sensitivity.
Keywords: Measurement of inter-distributional inequality, $L^p$-norm based approach, Level-sensitive IDI measure
JEL: D3 - Distribution: General
C7 - Game Theory and Bargaining Theory:General
Manuscript Received : Oct 27 2016 Manuscript Accepted : May 14 2017

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