THE IMPLICIT WELFARE WEIGHTS USED WHEN MAXIMIZING AGGREGATE SURPLUS -REPLY

Authors
PAUWELS W
Citation
W. Pauwels, THE IMPLICIT WELFARE WEIGHTS USED WHEN MAXIMIZING AGGREGATE SURPLUS -REPLY, Journal of economics, 61(3), 1995, pp. 329-334
Citations number
2
Categorie Soggetti
Economics
Journal title
Journal of economics → ACNP
ISSN journal
09318658
Volume
61
Issue
3
Year of publication
1995
Pages
329 - 334
Database
ISI
SICI code
0931-8658(1995)61:3<329:TIWWUW>2.0.ZU;2-V
Abstract
In reply to the comments made by U. Ebert, it is argued that the sum o f individual equivalent variations is a meaningful notion, independent of cardinal properties of the individuals' utility functions. Moreove r, the notion is also central in traditional cost-benefit analysis.