Showing 1 - 10 of 64
This paper derives the properties of the discount rate that should be applied to a public-sector project when the affected population has heterogeneous degrees of impatience. We show that, for any distribution of discount rates, the social discount rate has the following properties: it decreases...
Persistent link: https://www.econbiz.de/10008790574
This paper presents the different utilitarian approaches to ethics. It stresses the influence of utilitarianism in … utilitarianism to preferences utilitarianism and towards post-welfarist approaches is the following. Utility is defi-ned normatively … and positively. This generates some serious tensions. Utilitarianism needs to evolve to go beyond this ethical tension …
Persistent link: https://www.econbiz.de/10010821180
Classical utilitarianism, if coupled with standard assumptions such as the expected utility hypothesis and additive …-lived agents, against any intuition of compensation. This paper proposes a remedy to that undesirable property of utilitarianism …
Persistent link: https://www.econbiz.de/10010738941
the populationism of Classical Utilitarianism and the antipopulationism of Average Utilitarianism. We also study the …
Persistent link: https://www.econbiz.de/10010738975
utilities, where it basically reduces to utilitarianism. In particular, aggregation rules may differ by the relationship between …
Persistent link: https://www.econbiz.de/10010775734
utilities, where it basically reduces to utilitarianism. In particular, aggregation rules may differ by the relationship between …
Persistent link: https://www.econbiz.de/10010784099
utilities, where it basically reduces to utilitarianism. In particular, aggregation rules may differ by the relationship between …
Persistent link: https://www.econbiz.de/10011025649
We provide a generalization of Harsanyi (1955)'s aggregation theorem to the case of incomplete preferences at the individual and social level. Individuals and society have possibly incomplete expected utility preferences that are represented by sets of expected utility functions. Under Pareto...
Persistent link: https://www.econbiz.de/10011025731
Harsanyi's axiomatic justification of utilitarianism is extended to a framework with subjective and heterogenous priors …
Persistent link: https://www.econbiz.de/10011025980
We provide a generalization of Harsanyi (1995)'s aggregation theorem to the case of incomplete preferences at the individual and social level. Individuals and society have possibly incomplete expected utility preferences that are represented by sets of expected utility functions. Under Pareto...
Persistent link: https://www.econbiz.de/10011026030