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This paper presents the different utilitarian approaches to ethics. It stresses the influence of utilitarianism in economics in general and in welfare economics in particular. The key idea of the paper to explain the evolution from classical utilitarianism to preferences utilitarianism and...
Persistent link: https://www.econbiz.de/10010821180
A public decision maker needs to decide to allocate some subsidy towards the conditions for public transportation or for private transportation. If she wants to improve the collective welfare of the community based on the individual preferences between public and private transportation, she...
Persistent link: https://www.econbiz.de/10005771920
This paper presents the different utilitarian approaches to ethics. It stresses the influence of utilitarianism in economics in general and in welfare economics in particular. The key idea of the paper to explain the evolution from classical utilitarianism to preferences utilitarianism and...
Persistent link: https://www.econbiz.de/10010712462
We show that it is possible to reconcile the utilitarian and welfarist principles under the requirement of unanimity provided that the set of profiles over which the consensus is attained is rich enough. More precisely, we identify a closedness condition which, if satisfied by a class of...
Persistent link: https://www.econbiz.de/10009325716