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This paper examines how to satisfy a separability condition related to “independence of the utilities of the dead” (Blackorby et al., 1995; Bommier and Zuber, 2008) in the class of “expected equally distributed equivalent” social orderings (Fleurbaey, 2010). It also inquires into the...
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certain what effects will result from a reduction of pollution. We show that if an agent is sufficiently risk averse … has two possible consequencies which depend on agent risk aversion. Therefore, understanding the implication of … precautionary attitude, leads us to the consideration of the agents' risk aversion characterization and studying the effect of an …
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This paper studies the normative problem of redistribution between agents who can influence their survival probability through private health spending, but who differ in their attitude towards the risks involved in the lotteries of life to be chosen. For that purpose, we develop a two-period...
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the stochastic order typically used in the univariate case. These utility functions are multivariate risk averse, and … risk seeking. We provide insight into these two contrasting forms of stochastic dominance, develop some criteria to compare …
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