Distributive Justice for Behavioural Welfare Economics

A-Tier
Journal: Economic Journal
Year: 2020
Volume: 130
Issue: 628
Pages: 1114-1134

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The incompleteness of behavioural preferences can lead many or even all allocations to qualify as Pareto optimal. But the incompleteness does not undercut the precision of utilitarian policy recommendations. Utilitarian methods can be applied to groups of goods or to the multiple social welfare functions that arise when individual preferences are incomplete, and policymakers do not need to provide the preference comparisons that individuals are unable to make for themselves. The utilitarian orderings that result, although also incomplete, can generate a unique optimum. Non-separabilities in consumption reduce this precision but in all cases the dimension of the utilitarian optima drops substantially relative to the Pareto optima.

Technical Details

RePEc Handle
repec:oup:econjl:v:130:y:2020:i:628:p:1114-1134.
Journal Field
General
Author Count
1
Added to Database
2026-01-25