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An axiomatic basis for the three objective social welfare function within a poverty context

Authors
Journal
Economics Letters
0165-1765
Publisher
Elsevier
Publication Date
Volume
20
Issue
1
Identifiers
DOI: 10.1016/0165-1765(86)90088-1
Disciplines
  • Mathematics

Abstract

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.

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