Fairness and well-being measurement

Marc Fleurbaey and Francois Maniquet

No 2016040, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: 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.

Keywords: fairness; well-being measure; preferences (search for similar items in EconPapers)
JEL-codes: D63 I32 (search for similar items in EconPapers)
Date: 2016-11-22
New Economics Papers: this item is included in nep-hap, nep-hpe, nep-ltv and nep-mic
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Related works:
Journal Article: Fairness and well-being measurement (2017)
Working Paper: Fairness and well-being measurement (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2016040

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