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Measurement Theory and the Foundations of Utilitarianism
(Vanderbilt University, 2005)
This article reconsiders the Harsanyi-Sen debate concerning whether Harsanyi is justified in interpreting his Aggregation and Impartial Observer Theorems as providing axiomatizations of utilitarianism. Sen's criticism and ...
Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty
(Vanderbilt University, 2006)
This article considers measures of individual welfare change for projects that change the state distribution of prices and incomes. For a consumer whose preferences satisfy the expected utility hypothesis, we investigate ...
Shared Destinies and the Measurement and of Social Risk Equity
(Vanderbilt University, 2008)
The evaluation of social risk equity for alternative probability distributions over the potential sets of fatalities is analyzed axiomatically. Fishburn and Straffin [Equity considerations in public risks valuation, ...