Interpersonal comparisons of well-being
Blackorby, Charles and Bossert, Walter (2004) Interpersonal comparisons of well-being. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.711).
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This paper, which is to be published as a chapter in the Oxford Handbook of Political Economy, provides an introduction to social-choice theory with interpersonal comparisons of well-being. We argue that the most promising route of escape from the negative conclusion of Arrow's theorem is to use a richer informational environment than ordinal measurability and the absence of interpersonal comparability of well-being. We discuss welfarist social evaluation (which requires that the levels of individual well-being in two alternatives are the only determinants of their social ranking) and present characterizations of some important social-evaluation orderings.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Social choice, Utility theory, Welfare economics, Well-being, Social indicators|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||April 2004|
|Number of Pages:||18|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Funder:||Social Sciences and Humanities Research Council of Canada (SSHRC)|
|Adapted As:||Blackorby, C. and Bossert, W. (2006). Interpersonal comparisons of well-being. In: Weingast, B.R. and Wittman, D.A. (eds). The Oxford handbook of political economy. Oxford : Oxford University Press, ch.22.|
Arrow, K., 1951 (second ed. 1963), Social Choice and Individual Values, Wiley, New York.
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