Showing 1 - 10 of 76
Persistent link: https://www.econbiz.de/10009550971
We propose the concept of a universal social ordering, defined on the set of pairs of an allocation and a preference profile of any finite population. It is meant to unify evaluations and comparisons of social states with populations of possibly different sizes with various characteristics. The...
Persistent link: https://www.econbiz.de/10008609700
Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. This paper scrutinizes the challenge and argues, in...
Persistent link: https://www.econbiz.de/10010692953
We provide a general method for extending fair social preferences defined for riskless economic environments to the context of risk and uncertainty. We apply the méthod to the problems of managing unemployment allowances (in the context of macroeconomic fluctuations) and catastrophic risks (in...
Persistent link: https://www.econbiz.de/10011025660
performing international comparisons of standard of living across countries with different consumption goods. We show how …
Persistent link: https://www.econbiz.de/10008790376
This paper distinguishes an index ordering and a social ordering function as a simple way to formalize the indexing problem in the social choice framework. Two main conclusions are derived. First, the alleged dilemma between welfarism and perfectionnism is shown to involve a third possibility,...
Persistent link: https://www.econbiz.de/10008794218
It has become accepted that social choice is impossible in absence of interpersonal comparisons of well-being. This view is challenged here. Arrow obtained an impossibility theorem only by making unreasonable demands on social choice functions. With reasonable requirements, one can get very...
Persistent link: https://www.econbiz.de/10008794866
the problem of evaluating allocations of several consumption goods in a population with heterogeneous preferences. The … allocation is better when every individual bundle in it dominates the average consumption in another allocation. In addition, the …
Persistent link: https://www.econbiz.de/10010605037
In a model where agents have unequal skills and heterogeneous preferences about consumption goods and leisure, this …
Persistent link: https://www.econbiz.de/10005292388
It has become accepted that social choice is impossible in absence of interpersonal comparisons of well-being. This view is challenged here. Arrow obtained an impossibility theorem only by making unreasonable demands on social choice functions. With reasonable requirements, one can get very...
Persistent link: https://www.econbiz.de/10008631452