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We give new axiomatic characterizations of utilitarianism in the absence of the unrestricted domain assumption, examine independence of proposed axioms, and discuss connections between our axioms and the known ones.
Persistent link: https://www.econbiz.de/10005066313
We substantially weaken the traditional unrestricted domain assumption and give axiomatic characterizations of social welfare functionals representable by utility functions of the form , where is a utility profile specifying a concrete welfare situation, and W is a real-valued function belonging...
Persistent link: https://www.econbiz.de/10008488329