Equally-distributed equivalent utility, ex post egalitarianism and utilitarianism

Grant, Simon, Kajii, Atsushi, Polak, Ben and Safra, Zvi (2012) Equally-distributed equivalent utility, ex post egalitarianism and utilitarianism. Journal of Economic Theory, 147 4: 1545-1571. doi:10.1016/j.jet.2011.04.001

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Author Grant, Simon
Kajii, Atsushi
Polak, Ben
Safra, Zvi
Title Equally-distributed equivalent utility, ex post egalitarianism and utilitarianism
Journal name Journal of Economic Theory   Check publisher's open access policy
ISSN 0022-0531
1095-7235
Publication date 2012-07
Year available 2011
Sub-type Article (original research)
DOI 10.1016/j.jet.2011.04.001
Volume 147
Issue 4
Start page 1545
End page 1571
Total pages 27
Place of publication Maryland Heights, MO, United States
Publisher Academic Press
Collection year 2012
Language eng
Formatted abstract
We provide an axiomatization of expected equally-distributed equivalent-utility social welfare functions in the context of Harsanyi's impartial observer theorem. For this family of social welfare functions, we show what additional axiom is necessary and sufficient for the observer to exhibit aversion to ex post inequality. We also relate this axiomatization to our axiomatization in a companion paper of generalized utilitarian social welfare functions. Given certain richness assumptions, the only social welfare functions that belong to both families are the utilitarian.
Keyword Ex post egalitarianism
Harsanyi's (impartial) observer
Social welfare function
Utilitarianism
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Available online 2 April 2011.

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2012 Collection
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 4 times in Thomson Reuters Web of Science Article | Citations
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Created: Tue, 22 Mar 2011, 16:00:08 EST by Alys Hohnen on behalf of School of Economics