Publication
Title
Whos afraid of aggregating money metrics?
Author
Abstract
We provide an axiomatic justification to aggregate money metrics. The key axiom requires the approval of richer-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle-together with the basic axioms of anonymity, continuity, monotonicity, and a version of welfarism-characterizes a standard social welfare function defined over money metric utilities.
Language
English
Source (journal)
Theoretical economics / Econometric Society; Society for Economic Theory. - Los Angeles, Calif., 2006, currens
Theoretical economics / Econometric Society; Society for Economic Theory. - Los Angeles, Calif., 2006, currens
Publication
Los Angeles, Calif. : Society for Economic Theory , 2018
ISSN
1933-6837 [print]
1555-7561 [online]
Volume/pages
13 :2 (2018) , p. 467-484
ISI
000433509600001
Full text (Publisher's DOI)
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 04.06.2018
Last edited 19.10.2021
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