Any Non-welfarist Method of Policy Assessment Violates the Pareto Principle

The public at large, many policymakers, and a number of economists hold views of social welfare that are non-welfarist. That is, they attach some importance to factors other than the effects of policies on individuals' utilities. We show, however, that any non-welfarist method of policy assessment violates the Pareto principle.

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Year of publication:	2001
Authors:	Kaplow, Louis ; Shavell, Steven
Published in:	Journal of Political Economy. - University of Chicago Press. - Vol. 109.2001, 2, p. 281-286
Publisher:	University of Chicago Press

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005608340