policy responses. Specifically, I view the merger of populations as a merger of income vectors; I measure social distress by … counter it by relying exclusively on a self-contained income redistribution that retains individual levels of wellbeing at …

A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient … in converting income into utility. However, when individuals are concerned about their income falling behind the incomes … of others, the optimal income distribution under utilitarianism is equality of incomes. -- Utilitarianism ; Income …

A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient … in converting income into utility. However, when individuals are concerned about their income falling behind the incomes … of others, the optimal income distribution under utilitarianism is equality of incomes. -- Utilitarianism ; Income …