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B2. Consider the ten-person income distributions of three countries A, B and C summarised in the table below. Distribution A B 1 2 3 4
B2. Consider the ten-person income distributions of three countries A, B and C summarised in the table below. Distribution A B 1 2 3 4 5 6 7 8 9 10 100 250 200 300 150 500 550 400 450 350 310 350 510 150 390 190 270 470 230 430 425 535 205 480 150 370 645 590 315 260 Analyse and compare the three income distributions in terms of (1) first order stochastic dominance, (2) Generalised Lorenz dominance, (3) relative Lorenz dominance and (4) absolute Lorenz dominance. Show your calculations and graphs. Explain your findings in detail. B2. Consider the ten-person income distributions of three countries A, B and C summarised in the table below. Distribution A B 1 2 3 4 5 6 7 8 9 10 100 250 200 300 150 500 550 400 450 350 310 350 510 150 390 190 270 470 230 430 425 535 205 480 150 370 645 590 315 260 Analyse and compare the three income distributions in terms of (1) first order stochastic dominance, (2) Generalised Lorenz dominance, (3) relative Lorenz dominance and (4) absolute Lorenz dominance. Show your calculations and graphs. Explain your findings in detail
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