On Ordered Weighted Averaging Social Optima

Giuseppe De Marco and Jacqueline Morgan

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: In this paper, we look at the classical problem of aggregating individual utilities and study social orderings which are based on the concept of Ordered Weighted Averaging (OWA) Aggregating Operator. In these social orderings, called OWA social welfare functions (swf), weights are assigned a priori to the positions in the social ranking and, for every possible alternative, the total welfare is calculated as a weighted sum in which the weight corresponding to the k-th position multiplies the utility in the k-th position. In the a–OWA swf, the utility in the k-th position is the k-th smallest value assumed by the utility functions, whereas, in the b–OWA swf, it is the utility of the k-th poorest individual. We emphasize the differences between the two concepts, analyze the continuity issue and provide maximum points existence results.

Date: 2012-07-27
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Published in Journal of Optimization Theory and Applications, 2014, 160(2), 623-635

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http://www.csef.it/WP/wp319.pdf (application/pdf)

Related works:
Journal Article: On Ordered Weighted Averaging Social Optima (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:319

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