Any Non-Individualistic Social Welfare Function Violates the Pareto Principle / Louis Kaplow, Steven Shavell.

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Kaplow, Louis

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w7051.Publication details: Cambridge, Mass. National Bureau of Economic Research 1999.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w7051 (Browse shelf(Opens below))	Not For Loan

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March 1999.

The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle.