Welfarism, Preferencism, Judgmentism

Franz Dietrich

No 5, Research Memoranda from Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization

Abstract: In a single framework, I address the question of the informational basis for evaluating social states. I particularly focus on information about individual welfare, individual preferences and individual (moral) judgments, but the model is also open to any other informational input deemed relevant, e.g. sources of welfare and motivations behind preferences. In addition to proving some possibility and impossibility results, I discuss objections against using information about only one aspect (e.g. using only preference information). These objections suggest a multi-aspect informational basis for aggregation. However, the multi-aspect approach faces an impossibility result created by a lack of inter-aspect comparability. The impossibility could be overcome by measuring information on non-cardinal scales.

Keywords: public economics (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-eec, nep-fmk, nep-mac and nep-mon
Date: 2006
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