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.
Original language | English (US) |
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Pages (from-to) | 119-126 |
Number of pages | 8 |
Journal | Mathematical social sciences |
Volume | 90 |
DOIs | |
State | Published - Nov 2017 |
All Science Journal Classification (ASJC) codes
- Sociology and Political Science
- General Social Sciences
- General Psychology
- Statistics, Probability and Uncertainty