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The public at large, many policymakers, and a number of economists hold views of social welfare that are non-welfarist, which is to say that some importance is attached to factors other than individuals' utilities. We show, however, that any non-welfarist method of policy assessment violates the...
Persistent link: https://www.econbiz.de/10014196694
This paper provides axiomatic descriptions of social welfare relations, defined on infinite streams of utility, that … are consistent with the utilitarian criterion on subsets where maximizing aggregate utility has a clear interpretation …
Persistent link: https://www.econbiz.de/10010258774
This article proves a very general version of the Kirman-Sondermann [Journal of Economic Theory, 5(2):267-277, 1972] correspondence by extending the methodology of Lauwers and Van Liedekerke [Journal of Mathematical Economics, 24(3):217-237, 1995]. The paper first proposes a unified framework...
Persistent link: https://www.econbiz.de/10003921381
-Schied (2002, 2004) representation theorem for concave monetary utility functionals. We prove a variational analogue of Arrow …
Persistent link: https://www.econbiz.de/10008735707
It is well known that the literature on judgment aggregation inherits the impossibility results from the aggregation of preferences that it generalises. This is due to the fact that the typical judgment aggregation problem induces an ultrafilter on the the set of individuals, as was shown in a...
Persistent link: https://www.econbiz.de/10008736325
-linear utility functions. Although Saijo, Sjöström, and Yamato (2007) showed that the Groves mechanisms (Groves, T. (1973 …
Persistent link: https://www.econbiz.de/10013006248
extended rank-discounted utilitarianism for any utility function, as the discount factor approaches zero. -- intergenerational …
Persistent link: https://www.econbiz.de/10009301142
. My key insight is that social welfare functions that only rely on each individual’s utility still may reflect what people … put an equal sign between welfarist methods and social welfare functions that only rely on each individual’s utility. I … usefully illustrate how easily one can construct a simple counter example using familiar non-welfarist ideas and utility …
Persistent link: https://www.econbiz.de/10013242504
Persistent link: https://www.econbiz.de/10011573762
It is shown that any completely preordered topological real algebra admits a continuous utility representation which is … utility pace is discussed …
Persistent link: https://www.econbiz.de/10013317217