Pigou–Dalton principle
id:
pigou-dalton-principle-248-18592133
title:
Pigou–Dalton principle
text:
The Pigou–Dalton principle (PDP) is a principle in welfare economics, particularly in cardinal welfarism. Named after Arthur Cecil Pigou and Hugh Dalton, it is a condition on social welfare functions. It says that, all other things being equal, a social welfare function should prefer allocations that are more equitable. In other words, a transfer of some defined variable from the rich to the poor is desirable, as long as it does not bring the rich to a poorer situation than the poor. Formally, l
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Pigou%E2%80%93Dalton_principle
date created:
date modified:
2020-12-18T04:04:43Z
main entity:
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fields total:
13
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