Who’s afraid of aggregating money metrics?

Jazyk:	angličtina
Rok vydání:	2018
Předmět:	Money metric utility UTILITY Computer Science::Computer Science and Game Theory TAX REFORMS SOCIAL-WELFARE efficiency transfer principle TheoryofComputation_GENERAL UTILITARIANISM WELFARE ANALYSIS DEMAND THEORY EGALITARIAN
Zdroj:	Theoretical Economics. 13(2):467-484
ISSN:	1933-6837
DOI:	10.3982/te2825
Popis:	We provide an axiomatic justification to aggregate money metrics. The key axiom requires the approval of richer-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle-together with the basic axioms of anonymity, continuity, monotonicity, and a version of welfarism-characterizes a standard social welfare function defined over money metric utilities.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=dris___00893::5ae0e049030f289ef5ce7ce4513966a7 https://doi.org/10.3982/te2825 Zobrazit plný text záznamu Plný text