Statistical utilitarianism

Given a sufficiently large population satisfying certain statistical regularities, we show that it is often possible to accurately estimate the utilitarian social welfare func- tion and identify the welfare-maximizing social alternative, even if we only have very noisy data about individual utility functions and interpersonal utility comparisons, and even if the individuals can be strategically dishonest.

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Year of publication:	2014
Authors:	Pivato, Marcus
Institutions:	Théorie Économique, Modélisation, Application (THEMA), Université de Cergy-Pontoise
Subject:	utilitarian \| interpersonal comparisons \| Groves-Clarke pivotal mecha- nism

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Extent:	application/pdf
Series:	THEMA Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2014-18
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D71 - Social Choice; Clubs; Committees; Associations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010894927