The Revealed Social Welfare Function: USA X Brazil
نویسندگان
چکیده
منابع مشابه
The Nash Social Welfare Function
JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. The Econometric Society is collaborating with JSTOR to dig...
متن کاملOrdinal Nash Social Welfare Function
A social welfare function entitled ‘ordinal Nash’ is proposed based on risk preferences and assuming a common, worst social state for all individuals. The crucial axiom in the characterisation of the solution is a weak version of IIA, in which only the relative risk position with respect to the worst state is considered. Thus the resulting social preference takes into account non (necessarily) ...
متن کاملThe ordinal Nash social welfare function
A social welfare function entitled ‘ordinal Nash’ is proposed. It is based on risk preferences and assumes a common, worst social tate (origin) for all individuals. The crucial axiom in the characterization of the function is a weak version of independence of rrelevant alternatives. This axiom considers relative risk positions with respect to the origin. Thus, the resulting social preference ak...
متن کاملSocial Welfare and Profit Maximization from Revealed Preferences
Consider the seller’s problem of finding “optimal” prices for her (divisible) goods when faced with a set of consumers, given that she can only observe their purchased bundles at set prices, i.e., access to only revealed preferences (demand oracle). We study both social welfare and profit maximization under this setting, assuming concave valuation function of consumers and convex production cos...
متن کاملSocial Welfare Function for Restricted Preference Domain
We consider the social preference ordering in a society where each individual’s preference domain is restricted to a subset of the whole set of alternatives. We show that the social welfare function satisfying unrestricted domain property, independence of irrelevant alternatives and weak Pareto optimality is always dictatorial when at least one individual is entitled to express his/her preferen...
متن کاملذخیره 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: Brazilian Review of Econometrics
سال: 2008
ISSN: 1980-2447
DOI: 10.12660/bre.v28n22008.1509