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(intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general …
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We propose and axiomatically characterize, within Harsanyi's impartial observer setting, a utilitarian social welfare function (SWF) that can accommodate concerns for procedural fairness. Under our proposal, concerns for procedural fairness in social welfare assessments are inherited from...
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We confront two common objections to Harsanyi's impartial observer theorem; one to do with 'fairness', and the other to do with different individuals' having different attitudes toward risk. Both these objections can be accommodated if we drop the reduction axiom; in particular, if we...
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in a wide range, while Relative Utilitarianism implies it equals the growth rate of real per-capita consumption …
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