Search Results - subject:"generalized utilitarian"

Additive representation of separable preferences over infinite products

Pivato, Marcus - Volkswirtschaftliche Fakultät, … - 2011

Let X be a set of states, and let I be an infinite indexing set. Our first main result states that any separable, permutation-invariant preference order () on X^I admits an additive representation. That is: there exists a linearly ordered abelian group A and a `utility function' u:X--A such...

Persistent link: https://www.econbiz.de/10008805853

Accidents of birth, life chances and the impartial observer

Grant, Simon; Kajii, Atsushi; Polak, Ben - 2003

yields a utilitarian form of social welfare function, so our approach axiomatizes a generalized utilitarian form. If in … addition, welfare is cardinally measurable, then we can interpret the shape of our generalized utilitarian functional form in …

Persistent link: https://www.econbiz.de/10010332362