Showing 1 - 10 of 34
We provide an axiomatization of Yitzhaki’s index of individual deprivation. Our result differs from an earlier characterization due to Ebert and Moyes in the way the reference group of an individual is represented in the model. Ebert and Moyes require the index to be defined for all logically...
Persistent link: https://www.econbiz.de/10005545568
This note reexamines the single-profile approach to social-choice theory. If an alternative is interpreted as a social state of affairs or a history of the world, it can be argued that a multi-profile approach is inappropriate because the information profile is determined by the set of...
Persistent link: https://www.econbiz.de/10005545570
We examine the maximal-element rationalizability of choice functions with arbitrary domains. While rationality formulated in terms of the choice of greatest elements according to a rationalizing relation has been analyzed relatively thoroughly in the earlier literature, this is not the case for...
Persistent link: https://www.econbiz.de/10005545606
We generalize the classical expected-utility criterion by weakening transitivity to Suzumura consistency. In the absence of full transitivity, reflexivity and completeness no longer follow as a consequence of the system of axioms employed and a richer class of rankings of probability...
Persistent link: https://www.econbiz.de/10010883523
Critical-level generalized-utilitarian population principles with positive critical levels provide an ethically attractive way of avoiding the repugnant conclusion. We discuss the axiomatic foundations of critical-level generalized utilitarianism and investigate its relationship to the sadistic...
Persistent link: https://www.econbiz.de/10005729547
This paper provides new versions of Harsanyi's social aggregation theorem that are formulated in terms of prospects rather than lotteries. Strengthening an earlier result, fixed-population ex-ante utilitarianism is characterized in a multi-profile setting with fixed probabilities. In addition,...
Persistent link: https://www.econbiz.de/10005729584
This paper revisits Diamond’s classical impossibility result regarding the ordering of infinite utility streams. We show that if no representability condition is imposed, there do exist strongly Paretian and finitely anonymous orderings of intertemporal utility streams with attractive...
Persistent link: https://www.econbiz.de/10005729634
This paper, which is to be published as a chapter in the Oxford Handbook of Political Economy, provides an introduction to social-choice theory with interpersonal comparisons of well-being. We argue that the most promising route of escape from the negative conclusion of Arrow’s theorem is to...
Persistent link: https://www.econbiz.de/10005133106
Public policies often involve choices of alternatives in which the size and the composition of the population may vary. Examples are the allocation of resources to prenatal care and the design of aid packages to developing countries. In order to assess the corresponding feasible choices on...
Persistent link: https://www.econbiz.de/10005346025
Social exclusion manifests itself in the lack of an individual’s access to functionings as compared to other members of society. Thus, the concept is closely related to deprivation. We view deprivation as having two basic determinants: the lack of identification with other members of society...
Persistent link: https://www.econbiz.de/10005353090