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leximin and utilitarianism by means of equity conditions well-known from the finite setting, and (2) illustrate the problem of …
Persistent link: https://www.econbiz.de/10005370861
This note provides an alternative derivation of the leximin principle using the framework of Harsanyi’s (1953) equi …-probability model. We demonstrate that the leximin principle is concluded if and only if the preference ordering of the impartial …
Persistent link: https://www.econbiz.de/10010784997
. We characterize a family of multidimensional leximin orderings satisfying Dominance Aversion and Consensus. …
Persistent link: https://www.econbiz.de/10011043046
I study the egalitarian way of distributing resources across generations. Distributional equity deeply conflicts with the Pareto principle: efficient allocations cannot guarantee that i) each generation be assigned a consumption bundle that is at least as large as an arbitrarily small fraction...
Persistent link: https://www.econbiz.de/10011042974
This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou–Dalton transfer principle are incompatible with positive responsiveness to welfare...
Persistent link: https://www.econbiz.de/10010582588
, both in a static and in an intertemporal framework. Section 5 deals with the special case of utilitarianism. We review some … welfarism theorem to a variable-population framework and provide a characterization of critical-level generalized utilitarianism …
Persistent link: https://www.econbiz.de/10014023832
How should we make value judgments about wealth inequality? Harsanyi (1953) proposes to take an individual who evaluates her well-being by expected utility and ask her to evaluate the wealth possibilities ex-ante (i.e. before she finds her place in society, i.e., under the "veil of ignorance" of...
Persistent link: https://www.econbiz.de/10010366144
We are interested in the comparisons of standard-of-living across societies when observations of both income and household structure are available. We generalise the approach of A.B. Atkinson and F. Bourguignon (1987) [3] to the case where the marginal distributions of needs can vary across the...
Persistent link: https://www.econbiz.de/10011042938
We provide an axiomatization of expected equally-distributed equivalent-utility social welfare functions in the context of Harsanyiʼs impartial observer theorem. For this family of social welfare functions, we show what additional axiom is necessary and sufficient for the observer to exhibit...
Persistent link: https://www.econbiz.de/10011042954
We provide foundations for robust normative evaluation of distributions of two attributes, one of which is cardinally measurable and transferable between individuals and the other is ordinal and non-transferable. The result that we establish takes the form of an analogue to the standard...
Persistent link: https://www.econbiz.de/10011043008