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Efficiency Criteria and the Sen-type Social Welfare Function

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Author Info
Pundarik Mukhopadhaya () (National University of Singapore)

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Abstract

Most of the Social Welfare Functions available in the literature are Paretian, that is increase in anybody's income in the society is welfare augmenting. The Sen type social welfare function possesses this property as well. However, Paretianity is normative criteria and might not be accepted by everybody. This paper has demonstrated this problem of Paretianity and proposes an alternative Social Welfare Function.

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Paper provided by National University of Singapore, Department of Economics in its series Departmental Working Papers with number wp0114.

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Length: 15 pages
Date of creation: Nov 2001
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Handle: RePEc:nus:nusewp:wp0114

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Related research
Keywords: Social Welfare Function Gini Coefficient Paretianity

Find related papers by JEL classification:
D39 - Microeconomics - - Distribution - - - Other
D69 - Microeconomics - - Welfare Economics - - - Other
I39 - Health, Education, and Welfare - - Welfare and Poverty - - - Other

This paper has been announced in the following NEP Reports:

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  1. Kolm, Serge-Christophe, 1976. "Unequal inequalities. II," Journal of Economic Theory, Elsevier, vol. 13(1), pages 82-111, August. [Downloadable!] (restricted)
  2. Sen, Amartya K, 1976. "Real National Income," Review of Economic Studies, Blackwell Publishing, vol. 43(1), pages 19-39, February. [Downloadable!] (restricted)
  3. Yitzhaki, Shlomo, 1979. "Relative Deprivation and the Gini Coefficient," The Quarterly Journal of Economics, MIT Press, vol. 93(2), pages 321-24, May. [Downloadable!] (restricted)
  4. Kolm, Serge-Christophe, 1976. "Unequal inequalities. I," Journal of Economic Theory, Elsevier, vol. 12(3), pages 416-442, June. [Downloadable!] (restricted)
  5. Sheshinski, Eytan, 1972. "Relation between a social welfare function and the gini index of income inequality," Journal of Economic Theory, Elsevier, vol. 4(1), pages 98-100, February. [Downloadable!] (restricted)
  6. Rothschild, Michael & Stiglitz, Joseph E., 1973. "Some further results on the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 6(2), pages 188-204, April. [Downloadable!] (restricted)
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  7. Sen, Amartya, 1979. "The Welfare Basis of Real Income Comparisons: A Survey," Journal of Economic Literature, American Economic Association, vol. 17(1), pages 1-45, March. [Downloadable!] (restricted)
  8. Kondor, Yaakov, 1975. "Value Judgements Implied by the Use of Various Measures of Income Inequality," Review of Income and Wealth, Blackwell Publishing, vol. 21(3), pages 309-21, September.
  9. Dasgupta, Partha & Sen, Amartya & Starrett, David, 1973. "Notes on the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 6(2), pages 180-187, April. [Downloadable!] (restricted)
  10. Davies, James & Hoy, Michael, 1995. "Making Inequality Comparisons When Lorenz Curves Intersect," American Economic Review, American Economic Association, vol. 85(4), pages 980-86, September. [Downloadable!] (restricted)
  11. Davies James & Hoy Michael, 1994. "The Normative Significance of Using Third-Degree Stochastic Dominance in Comparing Income Distributions," Journal of Economic Theory, Elsevier, vol. 64(2), pages 520-530, December. [Downloadable!] (restricted)
    Other versions:
  12. Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February. [Downloadable!] (restricted)
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