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Fairness and well-being measurement

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Fleurbaey, Marc [Princeton University] Maniquet, François [UCL]

We assume that economic justice requires resources to be allocated fairly, and we construct individual well-being measures that embody fairness principles in interpersonal comparisons. These measures are required to respect agents' preferences. Across preferences well-being comparisons are required to depend on comparisons of the bundles of resources consumed by agents. We axiomatically justify two main families of well-being measures reminiscent to the ray utility and money-metric utility functions.

Document type Article de périodique (Journal article) – Article de recherche
Access type Accès restreint
Publication date 2017
Language Anglais
Journal information "Mathematical Social Sciences" - Vol. 90, p. 119-128 (2017)
Peer reviewed yes
Publisher Elsevier BV * North-Holland ((Netherlands) Amsterdam)
issn 0165-4896
Publication status Publié
Affiliation UCL - SSH/LIDAM/CORE - Center for operations research and econometrics
Links
Bibliographic reference Fleurbaey, Marc ; Maniquet, François. Fairness and well-being measurement. In: Mathematical Social Sciences, Vol. 90, p. 119-128 (2017)
Permanent URL http://hdl.handle.net/2078.1/189174