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Any Non-Individualistic Social Welfare Function Violates the Pareto Principle / Louis Kaplow, Steven Shavell.
- Format:
- Book
- Author/Creator:
- Kaplow, Louis.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w7051.
- NBER working paper series no. w7051
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1999.
- Summary:
- The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle.
- Notes:
- Print version record
- March 1999.
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