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We propose the concept of a universal social ordering, defined on the set of pairs of an allocation and a preference profile of any finite population. It is meant to unify evaluations and comparisons of social states with populations of possibly different sizes with various characteristics. The...
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This paper considers two distinct procedures to lexicographically compose two criteria for social or individual decision making. The first procedure composes two binary relations into one, and then selects its maximal elements. The second procedure first selects the set of maximal elements of...
Persistent link: https://www.econbiz.de/10004992576
When we construct social preferences, the Pareto principle is often in conflict with the equity criteria: there exist two allocations x and y such that x Pareto dominates y, but y is an equitable allocation whereas x is not. The efficiency-first principle requires to rank an allocation x higher...
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We build a three-stage model of international negotiations on regulation of the level of total emissions of greenhouse gases, and examine the possibility of a cooperative agreement and the Pareto optimality of the outcome. First, we derive the condition for Pareto optimal allocations, which is...
Persistent link: https://www.econbiz.de/10004992580
We study the possibility of making social evaluations of allocations independently of individuals' preferences over unavailable commodities. This is related to the well-known problem of performing international comparisons of standard of living across countries with different consumption goods....
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Human development is about expanding the choices human beings have to lead lives that they value and is captured by its capability sets which consist of various functioning vectors. The standard of living is then reflected in capability sets. This paper proposes some particular ways of measuring...
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