Reconciling the Rawlsian and the utilitarian approaches to the maximization of social welfare

DOI10.1016/J.ECONLET.2013.11.019MaRDI QIDQ2511268zbMATH OpenOpenAlexFDO

Authors Oded Stark, Marcin Jakubek, Fryderyk Falniowski

Publication date 5 August 2014

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://ageconsearch.umn.edu/record/162881/files/ZEFDP184.pdf

zbMATH Keywords

deadweight lossdistaste for low relative incomemaximization of social welfareRawlsian social welfare functionutilitarian social welfare function

Mathematics Subject Classification ID

Welfare economics (91B15) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Recommendations

• A concern about low relative income, and the alignment of utilitarianism with egalitarianism
• Good approximations to maximin allocations
• Rawlsian maximin, Dutch books, and non-additive expected utility
• On measuring welfare `behind a veil of ignorance'
• Rawls and Bentham reconciled

Cites work

• Optimal Redistributive Taxation When Individual Welfare Depends Upon Relative Income

Cited in

(7)

• Rawls and Bentham reconciled
• Combining rights and welfarism: a new approach to intertemporal evaluation of social alternatives
• A tale of two Rawlsian criteria
• Utilitarianism or welfarism: does it make a difference?
• Little and Bergson on Arrow's concept of social welfare
• A concern about low relative income, and the alignment of utilitarianism with egalitarianism
• “Combining equity and utilitarianism”—additional insights into a novel approach

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