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The Possibility of Ordering Infinite Utility Streams
(Université de Montréal. Département de sciences économiques., 2004)
This paper revisits Diamond’s classical impossibility result regarding the ordering of infinite utility streams. We show that if no representability condition is imposed, there do exist strongly Paretian and finitely ...
Deprivation and Social Exclusion
(Université de Montréal. Département de sciences économiques., 2004)
Social exclusion manifests itself in the lack of an individual’s access to functionings as compared to other members of society. Thus, the concept is closely related to deprivation. We view deprivation as having two basic ...
Anonymous Single-Profile Welfarism
(Université de Montréal. Département de sciences économiques., 2004)
This note reexamines the single-profile approach to social-choice theory. If an alternative is interpreted as a social state of affairs or a history of the world, it can be argued that a multi-profile approach is inappropriate ...
Aumann-Shapley Pricing : A Reconsideration of the Discrete Case
(Université de Montréal. Département de sciences économiques., 2004)
We reconsider the following cost-sharing problem: agent i = 1,...,n demands a quantity xi of good i; the corresponding total cost C(x1,...,xn) must be shared among the n agents. The Aumann-Shapley prices (p1,...,pn) are ...
Interpersonal Comparisons of Well-Being
(Université de Montréal. Département de sciences économiques., 2004)
This paper, which is to be published as a chapter in the Oxford Handbook of Political Economy, provides an introduction to social-choice theory with interpersonal comparisons of well-being. We argue that the most promising ...
Reference Groups and Individual Deprivation
(Université de Montréal. Département de sciences économiques., 2004)
We provide an axiomatization of Yitzhaki’s index of individual deprivation. Our result differs from an earlier characterization due to Ebert and Moyes in the way the reference group of an individual is represented in the ...
Nearly Serial Sharing Methods
(Université de Montréal. Département de sciences économiques., 2004)
A group of agents participate in a cooperative enterprise producing a single good. Each participant contributes a particular type of input; output is nondecreasing in these contributions. How should it be shared? We analyze ...