Abstract
This paper presents two variants of Harsanyi's (1955) utilitarian theorem in which the assumption that the social criterion is an expected value of social welfare is replaced by statewise dominance. One variant involves continuity while the other relies on anonymity.
Original language | English (US) |
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Pages (from-to) | 300-302 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 105 |
Issue number | 3 |
DOIs | |
State | Published - Dec 2009 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics
Keywords
- Harsanyi's theorem
- Risk
- Social welfare
- Utilitarianism