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We examine the possibilities of extending Sen?s taxonomy of fixed-population information assumptions regarding the measurability and interpersonal comparability of individual utilities to social-choice problems where the population may vary. It is shown that in order to avoid impossibility...
Persistent link: https://www.econbiz.de/10014064482
We examine the measurement of individual poverty in an intertemporal context. Our aim is to capture the importance of persistence in a state of poverty and we characterize a corresponding individual intertemporal poverty measure. Our first axiom requires that intertemporal poverty is identical...
Persistent link: https://www.econbiz.de/10008662305
We provide an axiomatic treatment of the measurement of economic insecurity, assuming that individual insecurity depends on the current wealth level and its variations experienced in the past. The first component plays the role of a buffer stock to rely on in case of an adverse future event. The...
Persistent link: https://www.econbiz.de/10009700311
set of principles which generalizes CLU to allow for inequality aversion in well-being, is investigated. We argue that the …
Persistent link: https://www.econbiz.de/10014064507
This paper provides an axiological foundation of a class of sufficientarian principles that are based on the individual transformed well-being gains and losses from a threshold level. The ideas underlying these principles have their origins in the literature on population ethics. We characterize...
Persistent link: https://www.econbiz.de/10014097429
This chapter provides a survey of utilitarian theories of justice. We review and discuss axiomatizations of utilitarian and generalized-utilitarian social-evaluation functionals in a welfarist framework. Section 2 introduces, along with some basic definitions, social-evaluation functionals....
Persistent link: https://www.econbiz.de/10014023832
The conditions of strong Condorcet winner consistency and strong Condorcet loser consistency are, in essence, universally accepted. However, there are many situations in which they are silent. The weak counterparts of these properties suffer from the fatal flaw that a weak Condorcet winner can...
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