Efficiency Criteria and the Sen-type Social Welfare Function

Most of the Social Welfare Functions available in the literature are Paretian, that is increase in anybody's income in the society is welfare augmenting. The Sen type social welfare function possesses this property as well. However, Paretianity is normative criteria and might not be accepted by everybody. This paper has demonstrated this problem of Paretianity and proposes an alternative Social Welfare Function.

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Year of publication:	2001-11
Authors:	Mukhopadhaya, Pundarik
Institutions:	Department of Economics, National University of Singapore
Subject:	Social Welfare Function \| Gini Coefficient \| Paretianity

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Extent:	application/pdf
Series:	Departmental Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	15 pages
Classification:	D39 - Distribution. Other ; D69 - Welfare Economics. Other ; I39 - Welfare and Poverty. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005518272