Social choice with approximate interpersonal comparison of welfare gains View Full Text


Ontology type: schema:ScholarlyArticle      Open Access: True


Article Info

DATE

2015-09

AUTHORS

Marcus Pivato

ABSTRACT

Suppose it is possible to make approximate interpersonal comparisons of welfare gains and losses. Thus, if w, x, y and z are personal states (each encoding all factors which influence the well-being of an individual), then it is sometimes possible to say “The welfare gain of the state change w⇝x is greater than the welfare gain of the state change y⇝z”. We can represent this by the formula “(w⇝x)⪰(y⇝z)”, where (⪰) is a difference preorder: an incomplete preorder on the space of all possible personal state changes. A social state change is a bundle of personal state changes. A social difference preorder (SDP) is an incomplete preorder on the space of social state changes, which satisfies Pareto and Anonymity axioms. We characterize a family of SDPs which are roughly utilitarian in nature. We also apply the model to redistributive taxation. More... »

PAGES

181-216

Journal

TITLE

Theory and Decision

ISSUE

2

VOLUME

79

Author Affiliations

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s11238-014-9458-8

DOI

http://dx.doi.org/10.1007/s11238-014-9458-8

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1046130060


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