social welfare function

A second approach has been suggested based on economics and the social welfare function.

There are two major distinct but related types of social welfare functions.

The source of a social welfare function remains a lasting difficulty.

The social welfare function should account for the wishes of multiple voters.

The social welfare function shows the relative importance of the individuals that comprise society.

Indeed, many different social welfare functions can meet Arrow's conditions under such restrictions of the domain.

Fairness requires that the social welfare function take into account the desires of more than one voter.

That social welfare function could then be described as characterizing an equity dimension.

This decision is made, either tacitly or overtly, when we specify the social welfare function.

That is, there is no real-valued representation of a social welfare function.

This means that the social welfare function is surjective: It has an unrestricted target space.

This, again, is a demand that the social welfare function will be minimally sensitive to the preference profile.

With these assumptions, it is possible to construct a social welfare function simply by summing all the individual utility functions.

In a 1938 paper Bergson defined and discussed the notion of an individualistic social welfare function.

In a 1938 article Abram Bergson introduced the social welfare function.

This solution is suggested by both Rawlsian and utilitarian constructs of the social welfare function.

Graaff is noted for his work on optimal savings rates and contributions to the creation of the social welfare function.

In terms of the social welfare function, the different results depend on the elasticity of marginal utility.

The form of the social welfare function is intended to express a statement of objectives of a society.

He also presented a lucid verbal and mathematical exposition of the social welfare function (1947, pp.

In neo-classical welfare economics, this means the maximization of a social welfare function.

This argument rests on the social welfare function, or the concept that society's utility is made up in some way through the utilities of its individuals.

One use of a social welfare function is to represent prospective patterns of collective choice as to alternative social states.

It also exposits on and develops what became commonly called the Bergson-Samuelson social welfare function.

The social welfare function carried out by the state is instead carried out by corporations in the form of benefits to employees.