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How should we make value judgments about wealth inequality? Harsanyi (1953) proposes to take an individual who evaluates her well-being by expected utility and ask her to evaluate the wealth possibilities ex-ante (i.e. before she finds her place in society, i.e., under the "veil of ignorance" of...
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(intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general …
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environmental goods from a study to a policy site - a practice called value or benefit transfer. Specifically, we apply theory …
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aggregate utility yields an equal income distribution. This alignment of utilitarianism and egalitarianism is obtained for any …
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Utilitarianism can be misplaced or ambiguous. As a prescription for individual behaviour, the injunction to seek the …
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of others, the optimal income distribution under utilitarianism is equality of incomes. -- Utilitarianism ; Income …
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