Objective measures of well-being and the cooperative production problem
AbstractThe 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 InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 15 (1997)
Issue (Month): 1 ()
Note: Received: 5 September 1994/Accepted: 29 June 1996
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Web page: http://link.springer.de/link/service/journals/00355/index.htm
Other versions of this item:
- Gaspart, F., 1996. "Objective Measures of Well-Being and the Cooperative Production Problem," Papers 170, Notre-Dame de la Paix, Sciences Economiques et Sociales.
- I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
- I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other
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- Koen Decancq & María Ana Lugo, 2009.
"Measuring inequality of well-being with a correlation-sensitive multidimensional Gini index,"
124, ECINEQ, Society for the Study of Economic Inequality.
- 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.
- 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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