Showing 1 - 10 of 58
This paper shows that, in a partially welfarist framework that permits discounting, per-period social evaluations can be consistent with a timeless social ordering only if social principles lead to the repugnant conclusion. The same result applies if per-period social evaluations are replaced by...
Persistent link: https://www.econbiz.de/10005779621
static model, we provide characterizations of expected-utility versions of Critical-Level Generalized Utilitarian rules. …
Persistent link: https://www.econbiz.de/10005779693
This paper provides a survey of normative approaches to inequality measurement, to be published as a chapter in a volume of income inequality. We present general methods for deriving ethical inequality indexes from social-evaluation orderings such as the Atkinson-Kolm-Sen and Kolm procedures.
Persistent link: https://www.econbiz.de/10005779683
We study the possibility of making social evaluations independently of individual preferences over non-consumed commodities. This is related to the well-known problem of performing international comparisons of standard of living across countries with different consumption goods. We prove...
Persistent link: https://www.econbiz.de/10005476205
This paper analyzes social situations in the context of risk. A new argument is proposed in order to defend the ex-post approach against Diamond’s (1967) famous critique of Harsanyi’s (1955) utilitarian theorem. It leads to a characterization of the criterion consisting in computing the...
Persistent link: https://www.econbiz.de/10004969050
We propose the concept of a universal social ordering, defined on the set of pairs of an allocation and a preference profile of any finite population. It is meant to unify evaluations and comparisons of social states with populations of possibly different sizes with various characteristics. The...
Persistent link: https://www.econbiz.de/10008609700
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10008676068
to the unanimity of utilitarian value judgements taken over a specific class of individual utility functions. The main … individual utility functions satisfy the assumptions of second order dominance agree that India is better off in 2002 than in …
Persistent link: https://www.econbiz.de/10004969042
Persistent link: https://www.econbiz.de/10005634403
Recently there has been a resurgence in the interest in the determinants of income inequality across countries. This paper adds to this literature by examining the role of one further explanatory variable: macroeconomic volatility. Using a cross-section developed and developing countries, we...
Persistent link: https://www.econbiz.de/10005634398