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This article considers measures of individual welfare change for projects that change the state distribution of prices and incomes. For a consumer whose preferences satisfy the expected utility hypothesis, we investigate whether there is an increasing function of the state-contingent...
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Sen?s social-evaluation-functional framework is used to reformulate Harsanyi?s social aggregation problem so that both single-profile and multi-profile issues can be considered with allowance made for different assumptions concerning the measurability and comparability of individual utilities....
Persistent link: https://www.econbiz.de/10014064487