The Direction of Welfare Change: Welfare Criteria

Yew-Kwang Ng ()

Chapter 3 in Welfare Economics, 2004, pp 47-64 from Palgrave Macmillan

Abstract: Abstract In the previous chapter we noted that the Pareto principle is a sufficient condition for social improvement. However most policy changes make some individuals better off and some worse off, so can we still have a sufficient condition for social improvement? This brings us to the issue of welfare criteria, which has been the subject of considerable debate in the literature on welfare economics.

Keywords: Welfare Economic; Social Welfare Function; Individual Utility; Utility Space; Pareto Improvement (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4406-1_3

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DOI: 10.1057/9781403944061_3

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