Inequality†averse well†being measurement

Marc Fleurbaey and Francois Maniquet

International Journal of Economic Theory, 2018, vol. 14, issue 1, 35-50

Abstract: We construct individual well†being measures that respect individual preferences and depend on the bundles of goods consumed by the individual. Building on previous work in which general families of well†being measures are identified, we introduce basic transfer principles that apply either to bundles or directly to indifference sets, and we characterize specific well†being measures that involve either the ray utility or the money†metric utility.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ijethy:v:14:y:2018:i:1:p:35-50

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