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Louis Kaplow, Steven Shavell
NBER Working Paper No. 7051*
Issued in March 1999
NBER Program(s): LE
PE
---- Abstract -----
The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle.
*Published: Kaplow, Louis and Steven Shavell. "Any Non-Welfarist Method Of Policy Assessment Violates The Pareto Principle," Journal of Political Economy, 2001, v109(2,Apr), 281-286.
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