EconPapers    
Economics at your fingertips  
 

Extended Pareto rules and relative utilitarianism

Amrita Dhillon ()

Social Choice and Welfare, 1998, vol. 15, issue 4, 521-542

Abstract: This paper introduces the "Extended Pareto" axiom on Social Welfare Functions and gives a characterization of the axiom when it is assumed that the Social Welfare Functions that satisfy it in a framework of preferences over lotteries also satisfy the restrictions (on the domain and range of preferences) implied by the von-Neumann Morgenstern axioms. With the addition of 2 other axioms: "Anonymity" and a weak version of Arrow's Independence of Irrelevant Alternatives axiom: "Weak IIA" it is shown that there is a unique Social Welfare Function called "Relative Utilitarianism" that consists of normalising individual utilities between 0 and 1 and adding them.

Date: 1998-08-06
Note: Received: 7 June 1994 / Accepted: 28 April 1997
References: Add references at CitEc
Citations: View citations in EconPapers (24) Track citations by RSS feed

Downloads: (external link)
http://link.springer.de/link/service/journals/00355/papers/8015004/80150521.pdf (application/pdf)
http://link.springer.de/link/service/journals/0035 ... 15004/80150521.ps.gz (application/postscript)
Access to the full text of the articles in this series is restricted

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sochwe:v:15:y:1998:i:4:p:521-542

Ordering information: This journal article can be ordered from
http://www.springer. ... c+theory/journal/355

Access Statistics for this article

Social Choice and Welfare is currently edited by Bhaskar Dutta, Marc Fleurbaey, Elizabeth Maggie Penn and Clemens Puppe

More articles in Social Choice and Welfare from Springer, The Society for Social Choice and Welfare Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-04-09
Handle: RePEc:spr:sochwe:v:15:y:1998:i:4:p:521-542