| 1. | The choice of a social welfare function is rooted in an ethical theory.
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| 2. | The approach begins with the specification of a social welfare function.
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| 3. | Most economists specify social welfare functions that are intermediate between these two extremes.
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| 4. | It also exposits on and develops what became commonly called the social welfare function.
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| 5. | This welfare function marks the income, which a randomly selected Euro most likely belongs to.
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| 6. | This welfare function marks the income, which a randomly selected person is most likely to have.
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| 7. | In terms of the social welfare function, the different results depend on the elasticity of marginal utility.
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| 8. | Then the ability to create a social welfare function depends crucially on the ability to compare utility functions.
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| 9. | A social indifference curve drawn from an intermediate social welfare function is a curve that slopes downward to the right.
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| 10. | First, Philippe Michel studies the problem of the choice of a social welfare function that allows defining the social optimum.
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