Fairness and well-being measurement
Marc Fleurbaey and
Francois Maniquet ()
Mathematical Social Sciences, 2017, vol. 90, issue C, 119-126
We assume that economic justice requires resources to be allocated fairly, and we construct individual well-being measures that embody fairness principles in interpersonal comparisons. These measures are required to respect agents’ preferences. Across preferences well-being comparisons are required to depend on comparisons of the bundles of resources consumed by agents. We axiomatically justify two main families of well-being measures reminiscent to the ray utility and money-metric utility functions.
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Working Paper: Fairness and well-being measurement (2017)
Working Paper: Fairness and well-being measurement (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:90:y:2017:i:c:p:119-126
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