Social Welfare Functions and Income Distributions

PierCarlo Nicola
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PierCarlo Nicola: Università di Milano

Chapter Chapter 2 in Efficiency and Equity in Welfare Economics, 2013, pp 9-16 from Springer

Abstract: Abstract Old welfare economics, Pigou (1920), considered social welfare as a cardinal notion, while new welfare economics,Little(1950) and Graaff (1957), consider social welfare as an ordinal notion.

Keywords: Social Welfare; Income Distribution; Welfare Economic; Economic Agent; Social Welfare Function (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-3-642-30071-4_2

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