An Axiomatic Basis for the Three Objective Social Welfare Function within a Poverty Context

Posted: 25 Sep 2018

Date Written: 1986

Abstract

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

Brent, Robert J, An Axiomatic Basis for the Three Objective Social Welfare Function within a Poverty Context (1986). Economics Letters, Volume 20, Issue 1, 1986, Pages 89-94, Available at SSRN: https://ssrn.com/abstract=3255128

Robert J Brent (Contact Author)

Fordham University ( email )

Department of Economics
441 E Fordham Road
Bronx, NY 10458
United States
718 817 4058 (Phone)

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