Showing 41 - 50 of 131
We provide a general theorem on the aggregation of preferences under uncertainty. We study, in the Anscombe-Aumann setting a wide class of preferences, that includes most known models of decision under uncertainty (and state-dependent versions of these models). We prove that aggregation is...
Persistent link: https://www.econbiz.de/10010750424
We axiomatize in the Anscombe–Aumann setting a wide class of preferences called rank-dependent additive preferences that includes most known models of decision under uncertainty as well as state dependent versions of these models. We prove that aggregation is possible and necessarily linear if...
Persistent link: https://www.econbiz.de/10010750533
The (generalized) Gini indices rely on the social welfare function of a decision maker who behaves in accordance with Yaari's model, with a function f that transforms frequencies. This SWF can also be represented as the weighted sum of the welfare of all the possible coalitions in the society,...
Persistent link: https://www.econbiz.de/10010750534
In this paper, we provide an axiomatic characterization of social welfare functions for uncertain incomes. Our most general result is that a small number of reasonable assumptions regarding welfare orderings under uncertainty rule out pure ex ante as well as pure ex post evaluations. Any social...
Persistent link: https://www.econbiz.de/10010750535
The axioms that characterize the generalized Gini social evaluation orderings for one-dimensional distributions are extended to the multidimensional attributes case. A social evaluation ordering is shown to have a two-stage aggregation representation if these axioms and a separability assumption...
Persistent link: https://www.econbiz.de/10010750546
Ever since its introduction by Foley [1967] and Varian [1974], the notion of fairness has been one of the most extensively used notion to evaluate allocations on an ethical basis. Whereas there is an extensive literature on the efficiency properties of allocations in economies with uncertainty...
Persistent link: https://www.econbiz.de/10010750559
We show that, in a two-period economy with uncertainty in the second period, if an allocation is Pareto optimal for a given set of beliefs and remains optimal when these beliefs are changed, then the set of optimal allocations of the two economies must actually coincide. We identify equivalence...
Persistent link: https://www.econbiz.de/10010750634
Most prominent models of economic justice (and especially those proposed by Harsanyi and Rawls) are based on the assumption that impartiality is required for making moral decisions. However, although Harsanyi and Rawls agree on that, and furthermore agree on the fact that impartiality can be...
Persistent link: https://www.econbiz.de/10010750681
La recherche d'une mesure objective des inégalités, sur le modèle des mesures des grandeurs physiques est vaine : la mesure des inégalités dépend, en effet, de l'opinion des membres de la société en matière de justice distributive. Il est donc souhaitable que les opinions qui...
Persistent link: https://www.econbiz.de/10010750771
Les mesures traditionnelles des inégalités considèrent l'aversion collective à l'égard des inégalités comme un paramètre déterminé a priori. En particulier, ce paramètre est maintenu constant lorsqu'on effectue des comparaisons internationales ou intertemporelles. Nous proposons ici...
Persistent link: https://www.econbiz.de/10010750790