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Objective measures of well-being and the cooperative production problem

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  • FrÊdÊric Gaspart

    (FUNDP Namur, 8, Rempart de la Vierge, B-5000 Namur, Belgium)

Abstract

The concern for measuring well-being objectively (as opposed to subjectively, that is, relying only on preferences) is found in modern political philosophy, especially in J. Rawls's, A. Sen's and G. Cohen's writings. This paper explains the implications of using an objective well-being index as equalisandum or, close to the so-called "safety net preoccupation", to guarantee a well-being lower bound. In the simple production model studied here, five characterization results and two related theorems prove the convergence of both approaches. We come to the conclusion that the Proportional Solution is the dominant solution according to "objectivist" axioms.

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Bibliographic Info

Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 15 (1997)
Issue (Month): 1 ()
Pages: 95-112

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Handle: RePEc:spr:sochwe:v:15:y:1997:i:1:p:95-112

Note: Received: 5 September 1994/Accepted: 29 June 1996
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Cited by:
  1. Maria Ana Lugo & Koen Decancq, 2009. "Measuring Inequality of Well-Being with a Correlation-Sensitive Multidimensional Gini Index," Economics Series Working Papers 459, University of Oxford, Department of Economics.
  2. Schokkaert, Erik & Van de gaer, Dirk & Vandenbroucke, Frank & Luttens, Roland Iwan, 2004. "Responsibility sensitive egalitarianism and optimal linear income taxation," Mathematical Social Sciences, Elsevier, vol. 48(2), pages 151-182, September.

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