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Fairness and utilitarianism without independence
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Ma, Sinong and Safra, Zvi (2019) Fairness and utilitarianism without independence. Economic Theory, 67 (1). pp. 29-52. doi:10.1007/s00199-017-1093-5 ISSN 0938-2259.
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Official URL: https://doi.org/10.1007/s00199-017-1093-5
Abstract
In this work we reconsider Harsanyi’s celebrated (J Polit Econ 61:434–435, 1953; J Polit Econ 63:309–321, 1955; Rational Behavior and Bargaining Equilibrium in Games and Social Situations. Cambridge University Press, Cambridge, 1977) utilitarian impartial observer theorem. Departing from Harsanyi’s individual-centered approach, we argue that when societal decisions are at stake, postulates must not be drawn from individualistic behavior. Rather, they should be based on societal norms. Continuing this line of thinking, we state and prove a utilitarian result that, rather than being based on the independence assumption, is based on the societal norm of procedural fairness.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HB Economic Theory | ||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science | ||||||||
| Library of Congress Subject Headings (LCSH): | Utilitarianism -- Mathematical models, Game theory | ||||||||
| Journal or Publication Title: | Economic Theory | ||||||||
| Publisher: | Springer | ||||||||
| ISSN: | 0938-2259 | ||||||||
| Official Date: | February 2019 | ||||||||
| Dates: |
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| Volume: | 67 | ||||||||
| Number: | 1 | ||||||||
| Page Range: | pp. 29-52 | ||||||||
| DOI: | 10.1007/s00199-017-1093-5 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||||
| Date of first compliant deposit: | 13 November 2017 | ||||||||
| Date of first compliant Open Access: | 2 May 2018 |
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