Fair Utilitarianism

نویسندگان

چکیده

Utilitarianism plays a central role in economics, but there is gap between theory, where utilitarianism dominant, and applications, monetary criteria are often used. For key difficulty to define how utilities should be measured compared. Drawing on Harsanyi’s (1955) approach, we introduce new normalization of ensuring that: (i) transfer from rich population poor welfare enhancing, (ii) populations with more risk-averse people have lower welfare. We study some implications this “fair utilitarianism” for risk sharing, collective aversion, the design health policy. (JEL D63, D81)

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Statistical utilitarianism

We show that, in a sufficiently large population satisfying certain statistical regularities, it is often possible to accurately estimate the utilitarian social welfare function, even if we only have very noisy data about individual utility functions and interpersonal utility comparisons. In particular, we show that it is often possible to identify an optimal or close-to-optimal utilitarian soc...

متن کامل

Money-metric utilitarianism

We discuss a method of ranking allocations in economic environments which applies when we do not know the names or preferences of individual agents. We require that two allocations can be ranked with the knowledge only of their aggregate bundles and community indifference sets–a condition we refer to as aggregate independence. We also postulate a basic Pareto and continuity property, and a prop...

متن کامل

Perspectival Act Utilitarianism

This chapter works within a particular framework for reasoning about actions – sometimes known as the framework of “stit semantics” – originally due to Belnap and Perloff, based ultimately on the theory of indeterminism set out in Prior’s indeterministic tense logic, and developed in full detail by Belnap et al. (2001). The issues I want to consider arise when certain normative, or decision the...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: American Economic Journal: Microeconomics

سال: 2021

ISSN: ['1945-7669', '1945-7685']

DOI: https://doi.org/10.1257/mic.20170234