Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10012105721
Persistent link: https://www.econbiz.de/10012818323
In this paper, we axiomatically characterize a maximin social ordering using principles of impartiality, efficiency, equity, and social rationality. By doing so, we claim that axiomatic characterization is a useful method to consider theories of pluralist egalitarianism
Persistent link: https://www.econbiz.de/10013240690
In a simple model where agents' monetary payoffs are uncertain, this paper studies the aggregation of subjective expected utility functions which are interpersonally noncomparable. A maximin social welfare criterion is derived from axioms of efficiency, equity, and social rationality, combained...
Persistent link: https://www.econbiz.de/10012855058
In a simple model where agents have ordinal and interpersonally noncomparable subjective expected utility preferences over uncertain future incomes, we analyze the implications of equity, efficiency, separability, and social rationality. Our efficiency conditions are fairly weak, because there...
Persistent link: https://www.econbiz.de/10012855059