VALUE PRESERVING WELFARE WEIGHTS FOR SOCIAL OPTIMIZATION PROBLEMS
نویسندگان
چکیده
We propose endogenous, value preserving (VP) welfare weights as an alternative to equal utilitarianism. VP require that the contribution of agent's endowments social is proportional final allocation his welfare. Under three axioms, per unit a good shown gradient function. coincide with Negishi in frictionless environments but prescribe redistribution toward good's owner when exceeds its market value. When ability treated endowment, reward and effort.
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2021
ISSN: ['1468-2354', '0020-6598']
DOI: https://doi.org/10.1111/iere.12530