An Axiomatic Basis for the Three Objective Social Welfare Function within a Poverty Context
Posted: 25 Sep 2018
Date Written: 1986
This article argues that numbers of uncompensated losers, here equated with numbers below the poverty line, should accompany distribution and efficiency as a third element in the SWF. No constant weights, efficiency and distribution SWF can satisfy two simple axioms.
Suggested Citation: Suggested Citation