Abstract:
The broad concept of an individual's welfare is actually a cluster of related specific concepts that bear a ``family resemblance'' to one another. One might care about how a policy will affect people both in terms of their subjective preferences and also in terms of some notion of their objective interests. This paper provides a framework for evaluation of policies in terms of welfare criteria that combine these two considerations. Sufficient conditions are provided for such a criterion to imply the same ranking of social states as does Pareto's unanimity criterion. Sufficiency is proved via study of a community of agents with interdependent ordinal preferences.
JEL-codes:C6D5D9 (search for similar items in EconPapers) Date: 1994-06-21, Revised 1994-06-22 Note: 27 pages, plain TeX View list of references