Fleurbaey, Marc; Gaulier, Guillaume - Centre d'études prospectives et d'informations … - 2007
criticism that this is a partial and ill-founded measure of social welfare (Sen). Alternative measures abound, such as the Index … performance, arbitrarily weighted. We suggest reliance on a basic notion of welfare economics, namely, compensating variations … developments in social choice theory, so that our work is closely tied to a theoretically sound notion of social welfare. …