Conditions for extrapolating differences in consumption to differences in welfare.

We characterize conditions under which a better consumption distribution implies higher welfare. Specifically, here "better consumption" means first‐order stochastic dominance, and "higher welfare" means higher expected utility for every subpopulation of individuals with the same utility function. A...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 62; no. 3; pp. 1090 - 1105
Autores principales:	Zhao, Wei, Kaplan, David M.
Formato:	Artículo
Publicado:	Wiley-Blackwell Jul2024
Materias:	Social dominance Stochastic dominance Expected utility Utility functions Physical distribution of goods
Acceso en línea:	Ver este registro en EBSCOhost