Title: Who's afraid of aggregating money metrics?
Authors: Bosmans, Kristof
Decancq, Koen
Ooghe, Erwin
Issue Date: Sep-2016
Publisher: KU Leuven, Department of Economics
Series Title: Discussion paper series, DPS16.22 pages:1-22
Abstract: We provide an axiomatic justification to aggregate money metrics. The key axiom requires the approval of richer-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle, together with the basic axioms anonimity, continuity, monotonicity, and a version of welfarism, characterizes a standard social welfare function defined over money metric utilities.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:Department of Economics, Leuven - miscellaneous
Research Center of Public Economics, Leuven

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