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According to standard theory founded on Harsanyi (1953, 1955) a social welfare function can be appropriately based on …
Persistent link: https://www.econbiz.de/10010746323
According to standard theory founded on Harsanyi (1953, 1955) a social welfare function can be appropriately based on …
Persistent link: https://www.econbiz.de/10012772161
This paper provides a welfare analysis of trade liberalization based upon the moral principles of utilitarianism. The … history of the moral philosophy of utilitarianism is described including its introduction into what became known as Cambridge … welfare economics. The differences between this school of thought and what would later develop as modern welfare analysis are …
Persistent link: https://www.econbiz.de/10005585681
can give some interesting support to utilitarianism. The argument is conveyed by means of three theorems that encapsulate …
Persistent link: https://www.econbiz.de/10010832964
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...
Persistent link: https://www.econbiz.de/10010366144
We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...
Persistent link: https://www.econbiz.de/10011508057
how a novel criterion, Strongly Anonymous Utilitarianism, can be characterized by combining Strong Anonymity with other …
Persistent link: https://www.econbiz.de/10012817908
Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic … characterizations of utilitarian (that is, additively separable) social welfare functions in a setting where there is risk over both ….'s (1998) Expected Critical-Level Generalized Utilitarianism (ECLGU) is equivalent to a new axiom holding that it is better to …
Persistent link: https://www.econbiz.de/10012583668
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with … population size and the welfare of each person alive. A welfare criterion that speaks to this issue inherently requires … evaluating the welfare of nonexistent people, because some people exist only in some allocations but not in others. To make …
Persistent link: https://www.econbiz.de/10012493350
We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...
Persistent link: https://www.econbiz.de/10011587889