Utilitarism, Equivalence Scales and Logarithmic Utility

It is shown that if social welfare is the sum of logaritmic utility function, the optimal income distribution and the welfare effect of any income redistribution is independet of the equivalence scales. In optimum all households have the same per capita income. Based on this observation it is discussed to what extent traditional welfare theory can be said to be concerned about fair income distribution.

MoreLess

Year of publication:	1994-05
Authors:	Brekke, Kjell Arne
Institutions:	Statistisk Sentralbyrå, Government of Norway
Subject:	Equivalence scales \| income distribution \| logarthmic utility

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	D10 - Household Behavior and Family Economics. General ; D31 - Personal Income, Wealth and Their Distributions ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004980651