Search Results - subject:"welfare functions"

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The social value of mortality risk reduction: VSL versus the social welfare function approach

Adler, Matthew D.; Hammitt, James K.; Treich, Nicolas - In: Journal of Health Economics 35 (2014) C, pp. 82-93

—and various social welfare functions (SWFs). The SWFs are either utilitarian or prioritarian, applied to policy choice under risk …

Persistent link: https://www.econbiz.de/10011051311

The social value of mortality risk reduction : VSL versus the social welfare function approach

Adler, Matthew D.; Hammitt, James K.; Teich, Nicolas - In: Journal of health economics 35 (2014), pp. 82-93

Persistent link: https://www.econbiz.de/10010468700

Leaky Bucket in the Real World: Estimating Inequality Aversion Using Survey Data

Pirttilä, Jukka; Uusitalo, Roope - CESifo - 2007

Existing evidence of inequality aversion relies on data from class-room experiments where subjects face hypothetical questions. This paper estimates the magnitude of inequality aversion using representative survey data, with questions related to the real-economy situations the respondents face....

Persistent link: https://www.econbiz.de/10005094321

Equity and Trade Policy

Francois, Joseph; Rojas-Romagosa, Hugo - Stichting IIDE - 2007

We develop a dual approach to analyzing general equilibrium relationships between trade policy and household (as distinct from functional) income distribution, highlighting how general equilibrium distributional aspects of social welfare related to import protection may be examined alongside...

Persistent link: https://www.econbiz.de/10005731624

Is more health always better for society? Exploring public preferences that violate monotonicity

Abásolo, Ignacio; Tsuchiya, Aki - In: Theory and Decision 74 (2013) 4, pp. 539-563

There has recently been some literature on the properties of a Health-Related Social Welfare Function (HRSWF). The aim of this article is to contribute to the analysis of the different properties of a HRSWF, paying particular attention to the monotonicity principle. For monotonicity to be...

Persistent link: https://www.econbiz.de/10010988790

Measuring inequality without the Pigou-Dalton condition

Chateauneuf, Alain; Moyes, Patrick - 2005

Typical welfare and inequality measures are required to be Lorenz consistent which guarantees that inequality decreases and welfare increases as a result of a progressive transfer. We explore the implications for welfare and inequality measurement of substituting the weaker absolute...

Persistent link: https://www.econbiz.de/10010284885

Noise Sensitivity and Chaos in Social Choice Theory

Kalai, Gil - Center for the Study of Rationality, Hebrew University … - 2005

In this paper we study the social preferences obtained from monotone neutral social welfare functions for random … preferences. We identify and study a class of social welfare functions that demonstrate an extremely different type of behavior … individual preferences. It turns out that there are two extreme types of behavior. On one side, there are social welfare …

Persistent link: https://www.econbiz.de/10005585416

The Social Value of Mortality Risk Reduction: VSL vs. the Social Welfare Function Approach

Adler, Matthew; Hammitt, James; Treich, Nicolas - Laboratoire d'Économie des Ressources Naturelles … - 2012

€”and three benchmark social welfare functions (SWF): a utilitarian SWF, an ex ante prioritarian SWF, and an ex post prioritarian …

Persistent link: https://www.econbiz.de/10010905655

Decentralized trade, Random utility and the evolution of social welfare

Kandori, Michihiro; Serrano, Robert; Volij, Oscar - 2004

probability on the maximizer of several social welfare functions in different variants of the model. …

Persistent link: https://www.econbiz.de/10010318996

Lorenz Non-Consistent Welfare and Inequality Measurement

Chateauneuf, Alain; Moyes, Patrick - Groupement de Recherche en Économie Quantitative … - 2004

inequality decreases and welfare increases as a result of a progressive transfer. We explore the implications for welfare and inequality measurement of substituting the weaker absolute differentials and deprivation quasi-orderings for the Lorenz quasi-ordering. Restricting attention to...

Persistent link: https://www.econbiz.de/10005512012