Pareto utility

From Proximity to Utility : 1 A Voronoi Partition of Pareto

5 We present an extension of Voronoi diagrams where when considering which site a client 6 is going to use, in addition to the site distances, other site attributes are also considered (for 7 example, prices or weights). A cell in this diagram is then the locus of all clients that consider 8 the same set of sites to be relevant. In particular, the precise site a client might use from this 9 can...

From Proximity to Utility: A Voronoi Partition of Pareto Optima

We present an extension of Voronoi diagrams where not only the distance to the site is taken into account when considering which site the client is going to use, but additional attributes (i.e., prices or weights) are also considered. A cell in this diagram is then the loci of all clients that consider the same set of sites to be relevant. In particular, the precise site a client might use from...

A Liberal Theory of Social Welfare: Fairness, Utility, and the Pareto Principle

Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto

This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou-Dalton transfer principle are incompatible with positive responsiveness to welfare improvements by every generation. The case of Hammond Equity for the Future is investigated too. JEL classificatio...

PARETO AND PIGOU ON OPHELIMITY, UTILITY AND WELFARE: IMPLICATIONS FOR PUBLIC FINANCE by

In view of the distinct and seminal contributions of Pareto and Pigou to the economics of welfare, Pigou’s enduring influence in the field of public finance and Pareto’s hostility to developments in that field of study, the lack of a comparative study of their contributions is unfortunate. This study contrasts the place of ophelimity and utility and in these authors’ approaches to welfare studi...