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Interpersonal comparisons of well-being
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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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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
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) | ||||
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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 | ||||
Dates: |
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Number: | No.711 | ||||
Number of Pages: | 18 | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
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. |
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