Social welfare orderings for ratio-scale measurable utilities

被引:0
|
作者
Kai-yuen Tsui
John A. Weymark
机构
[1] Department of Economics,
[2] Chinese University of Hong Kong,undefined
[3] Shatin,undefined
[4] N.T.,undefined
[5] HONG KONG,undefined
[6] Department of Economics,undefined
[7] 997–1873 East Mall,undefined
[8] University of British Columbia,undefined
[9] Vancouver,undefined
[10] B.C.,undefined
[11] CANADA V6T 1Z1,undefined
来源
Economic Theory | 1997年 / 10卷
关键词
JEL Classification Number: D71.;
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摘要
This article characterizes all of the continuous social welfare orderings which satisfy the Weak (resp. Strong) Pareto principle when utilities are ratio-scale measurable. With Weak Pareto, on both the nonnegative and positive orthants the social welfare ordering must be representable by a weakly increasing Cobb-Douglas social welfare function while on the whole Euclidean space the social welfare ordering must be strongly dictatorial. With Strong Pareto, on the positive orthant the social welfare ordering must be representable by a strictly increasing Cobb-Douglas social welfare function but on the other two domains an impossibility theorem is obtained.
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页码:241 / 256
页数:15
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