The mainly used welfare criterion in the social network literature is Bentham´s utilitarian concept. The shortcomings … of this concept are well-known. We compare the outcomes of the utilitarian concept with the Nash social welfare function … of welfare considerations of important network formation models are evaluated by using the multiplicative concept. We …

) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate … the “opportunity set” of politics with respect to the two normative objectives of inter- and intragenerational justice, i …

welfare in human decision making. At the same time, models of inequality averse agents fail to explain the experimental data … of individuals who reduce their payoff below a fair split in order to maximize social welfare. This paper presents a … fairness if welfare is thereby gained. It also establishes a unique link between altruism and interest in social welfare in the …

development, welfare, and justice. … backdrop of considerations about the meaning of justice in the context of sustainability. We argue that the preservation of the … natural basis of life is by itself a requirement of justice. However, the crucial role of the ecological dimension of …

welfare properties. Here, we concentrate on welfare criteria and define properties of utility function which are causal for …

property rights allocation on the economic efficiency of the management strategies is studied. …