A utilitarian welfare function ( also called a Rawlsian utility function ( Stiglitz, 2000, p102 ) [ incomplete reference ].
12.
Social choice theory depends upon the ability to aggregate, or sum up, individual preferences into a combined social welfare function.
13.
The Progressives favored private investment and shifting control over essential services and welfare functions from the Histadrut to the state.
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From these data inequality measures as well as the related welfare functions are computed and displayed in fields with green background.
15.
Individual utility and social utility can be construed as the value of a utility function and a social welfare function respectively.
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However, the different equilibria are likely to have different distributional implications and may be ranked differently by any given social welfare function.
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His contributions include an early extension of Kenneth Arrow's impossibility theorem on the existence of a social welfare function ( 1955 ).
18.
Graaff made a major contribution to the social welfare function by being the first to derive an equilibrium relationship between equity and national income.
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If Speaker Newt Gingrich has his way, the government's welfare functions may be taken over by charities like the Union Gospel Mission of Seattle.
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With unrestricted domain, the social welfare function accounts for all preferences among all voters to yield a unique and complete ranking of societal choices.
