首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Uncertainty and critical-level population principles
Authors:Blackorby C  Bossert W  Donaldson D
Institution:(1) University of British Columbia, Department of Economics, Vancouver, British Columbia, Canada V6T 1Z1, and GREQAM, 2, rue de la Charité, F-13002 Marseille, France, CA;(2) University of Waterloo, Department of Economics, Waterloo, Ontario, Canada N2L 3G1, CA;(3) University of British Columbia, Department of Economics, Vancouver, British Columbia, Canada V6T 1Z1, CA
Abstract:This paper analyzes variable-population social-evaluation principles in a framework where outcomes are uncertain. We provide characterizations of expected-utility versions of critical-level generalized utilitarian rules. These principles evaluate lotteries over possible states of the world on the basis of the sum of the expected values of differences between transformed utility levels and a transformed critical level, conditional on the agents‘ being alive in the states under consideration. Equivalently, the critical-level utilitarian value functions applied to weighted individual expected utilities can be employed. Weights are determined by the anonymity axiom. Received: 21 November 1996 / Accepted: 11 March 1997
Keywords:JEL classification: D63  D71  D81
本文献已被 PubMed SpringerLink 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号