Social welfare functions and fairness |
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Authors: | Edi Karni |
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Institution: | 1. Department of Economics, The Johns Hopkins University, Baltimore, USA
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Abstract: | A definition of a social state is proposed that incorporates the notion of procedural fairness into Harsanyi's (1955) analytical framework. We show that, within the new framework, a Harsanyi-type social welfare function is immune to Diamond's (1967) criticism. Moreover, the resulting social welfare function embodies the notion of procedural fairness held by individual members of the society. |
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