We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis …

. My key insight is that social welfare functions that only rely on each individual’s utility still may reflect what people … put an equal sign between welfarist methods and social welfare functions that only rely on each individual’s utility. I … usefully illustrate how easily one can construct a simple counter example using familiar non-welfarist ideas and utility …

The transferable utility hypothesis underlies important theoretical results in household economics. We provide a … transferable utility. We also show that these conditions are testable by means of integer programming methods. …

We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis …

and notions of "fairness" which give weight to considerations other than the overall utility level of each individual …