Silvestre, Joaquim - In: Social Choice and Welfare 42 (2014) 4, pp. 781-791
The paper shows that if utility is cardinally measurable and fully interpersonally comparable, if costless lumpsum transfers are possible, and if the utility profile satisfies (a) a happier person has lower marginal utility of the numeraire or wealth, and (b) “everybody is equally unhappy in...