Data/hora: 16/06/2024 03:48:56

Provedor de dados: | 31
País: | United States
Título: | Measuring Social Welfare: A Dog’'s Hind Leg Possibility Postulate
Autores: | Hertzler,   Greg.
Data: | 2007-04-11
Ano: | 2007
Palavras-chave: | Social welfare; Welfare analysis; Demand systems; Duality; Dynamic optimisation; Consumer/Household Economics; D60; D63.
Resumo: | Our current methods of analysing policies and the distributions of wealth insure that society is on an efficient frontier. This is not the same as a social optimum. To choose the optimal point on the frontier we need a social welfare function. Following the ordinal revolution in demand theory, a large body of research concluded that social welfare functions don't exist. The intensity of people's preferences cannot be observed and hence interpersonal comparisons are essentially impossible. This paper argues that the intensity of people's preferences can be observed and could be incorporated into a social welfare function.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

25770

http://purl.umn.edu/10386

Editor: | AgEcon Search

Relação:

Australian Agricultural and Resource Economics Society - 2007&gt;2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand

Conference Paper

Formato:

19

application/pdf