Generalized gini social welfare function
WebIn 1994, Blackorby et al. provided the concept of GGBS that can be rationalized by the generalized Gini social welfare functions. The GGBS can be considered as a compromise between the two polar bargaining solutions, namely, the utilitarian and the egalitarian solutions. In general, the GGBS can be regarded as compelling social choice … In welfare economics, a social welfare function is a function that ranks social states (alternative complete descriptions of the society) as less desirable, more desirable, or indifferent for every possible pair of social states. Inputs of the function include any variables considered to affect the economic … See more In a 1938 article, Abram Bergson introduced the social welfare function. The object was "to state in precise form the value judgments required for the derivation of the conditions of maximum economic welfare" set out by … See more A cardinal social welfare function is a function that takes as input numeric representations of individual utilities (also known as cardinal utility), and returns as output a numeric representation of the collective welfare. The underlying assumption is that … See more Kenneth Arrow (1963) generalizes the analysis. Along earlier lines, his version of a social welfare function, also called a 'constitution', maps a set of individual orderings (ordinal utility functions) for everyone in the society to a social ordering, a rule for … See more • Aggregation problem • Arrow's impossibility theorem • Community indifference curve See more 1. ^ Amartya K. Sen, 1970 [1984], Collective Choice and Social Welfare, ch. 3, "Collective Rationality." p. 33, and ch. 3*, "Social Welfare Functions." Description. 2. ^ … See more
Generalized gini social welfare function
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WebSep 1, 2006 · Dalton’s principle of positive transfers is incorporated, under which relative invariance leads to a class of piecewise (rank-)linear welfare functions, including the … WebSelect search scope, currently: catalog all catalog, articles, website, & more in one search; catalog books, media & more in the Stanford Libraries' collections; articles+ journal articles & other e-resources
WebAug 29, 2024 · Abstract. Integrating individual inequity aversion (Fehr and Schmidt in Q J Econ 114:817–868, 1999) into a utilitarian social welfare function, we derive a simple … WebTherefore, it is compatible with various notions of fairness that have been proposed in the literature (e.g., lexicographic maximin, generalized Gini social welfare function, proportional fairness). Our solution method is generic and can be implemented in various MARL settings: centralized training and decentralized execution, or fully ...
WebWe propose a class of measures of welfare change that are based on the generalized Gini social welfare functions. We analyze these measures in the context of a second-order … WebTypical welfare and inequality measures are required to be Lorenz consistent which guarantees that inequality decreases and welfare increases as a result of a progressive transfer.
WebFeb 1, 1972 · In analogy to the theory of utility maximization under uncertainty, it is of interest to know under what conditions social welfare can be expressed as a function of …
WebNov 16, 2014 · In the context of Social Welfare and Choquet integration, we briefly review, on the one hand, the generalized Gini welfare functions and inequality indices for populations of n individuals, and on the other hand, the Möbius representation framework for Choquet integration, particularly in the case of k -additive symmetric capacities. black scandinavian bedroomblack scandinavian chairWeb1 Welfare Economics, Utilitarianism, and Equity 2 Measures of Inequality 3 Inequality as a Quasi‐Ordering 4 Work, Needs, and Inequality End Matter On Economic Inequality After a Quarter Century A.1 Review and Motivation A.2 Inequality and Welfare A.3 Welfare Functions: Unanimity and Dominance A.3.1. Partial Rankings and Intersection … garo the one who shines in the darkness