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Traditional economics identifies a person's well-being with the goods and services the person consumes and the utility that the person gets from such consumption. This, in turn, has led to the widely used approach of welfarism that uses individual utilities as ingredients for evaluating a...
Persistent link: https://www.econbiz.de/10014025192
emerging social choice theory -, two conflicting ways of dealing with mathematical tools in welfare economics and, above all …
Persistent link: https://www.econbiz.de/10011610213
Capitalizing on the recent work in social choice theory, I re-examine the foundations of post-Pigovian welfare … economics and social choice theory. The structure of the "old" and "new" welfare economics is critically scrutinized, and the … culprits of the poverty of welfare economics as well as of Arrovian social choice theory are boiled down to their common …
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Happiness research has been a great success by yielding new and important insights. These results are often used in a technocratic manner: governments should maximize, or at least raise, the subjective well-being of the population measured by the national happiness index. Yet the government has...
Persistent link: https://www.econbiz.de/10014152233
The literature on happiness shows that there are many factors that influence a person s happiness. Extending previous studies, we investigate the role of the freedom of choice as a key contributing construct in influencing a person s happiness. We define two hypothetical sub-constructs for the...
Persistent link: https://www.econbiz.de/10014030761
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recent debate on liberal paternalism and consumer protection. The CJT con-sists of two parts, (a) stating that a jury of …
Persistent link: https://www.econbiz.de/10011403643
Behavioral implementation studies implementation when agents' choices need not be rational. All existing papers of this literature, however, fail to handle a large class of choice behaviors because they rely on a well-known condition called Unanimity. This condition says, roughly speaking, that...
Persistent link: https://www.econbiz.de/10014465032