Social Welfare Function

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August 31, 2024 4 min read Definitions
Bergson-Samuelson Social Welfare Function: A Foundation of Welfare Economics
Economics Welfare Economics Bergson Samuelson Social Welfare Function Economics Policy-Making
An in-depth exploration of the Bergson-Samuelson Social Welfare Function, its historical context, applications in welfare economics, and its implications in policy-making.
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August 31, 2024 4 min read Definitions
Interpersonal Comparisons: Understanding Utility Comparisons between Individuals
Economics Social Sciences Utility Welfare Economics Cardinal Utility Ordinal Utility Social Welfare Function
Interpersonal Comparisons involve comparing the welfare levels of different individuals using utility functions. This article explores the historical context, types, key events, and significance of interpersonal comparisons, along with detailed explanations, mathematical models, and examples.
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