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In many countries, the GDP share of the public sector increases with per capita income but happiness fails to register a long-term upward trend. Most objective indicators of the quality of life also do not correlate positively with income but improve with time associated with the advancement of...
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Argenziano and Gilboa (2019) obtain a very important result ‘that consumer choice data alone are sufficient … [to] provide a microfoundation for a weighted utilitarian social welfare function that reflects common moral intuitions about interpersonal comparisons of utilities’. This paper...
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