Walter Bossert (University of Waterloo, Department of Economics, Waterloo, Ontario, Canada N2L 3G1) David Donaldson (University of British Columbia, Department of Economics, Vancouver, British Columbia, Canada V6T 1Z1) Charles Blackorby (University of British Columbia, Department of Economics, Vancouver, British Columbia, Canada V6T 1Z1, and GREQAM, 2, rue de la Charité, F-13002 Marseille, France)
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This paper analyzes variable-population social-evaluation principles in a framework where outcomes are uncertain. We provide characterizations of expected-utility versions of critical-level generalized utilitarian rules. These principles evaluate lotteries over possible states of the world on the basis of the sum of the expected values of differences between transformed utility levels and a transformed critical level, conditional on the agents` being alive in the states under consideration. Equivalently, the critical-level utilitarian value functions applied to weighted individual expected utilities can be employed. Weights are determined by the anonymity axiom.
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Find related papers by JEL classification: D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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BLACKORBY, Charles & BOSSERT, Walter & DONALDSON, David, 2002.
"In Defense of Welfarism,"
Cahiers de recherche
2002-02, Universite de Montreal, Departement de sciences economiques.
[Downloadable!]
Other versions:
Blackorby, C. & Bossert, W. & Donaldson, D., 2002.
"In Defense of Welfarism,"
Cahiers de recherche
02-2002, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
[Downloadable!]
Blackorby, Charles & Bossert, Walter & Donaldson, David, 2001.
"The Axiomatic Approach to Population Ethics,"
Discussion Paper
24, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]