Allocating chances of success in finite and infinite societies: The utilitarian criterion

Marco Mariotti, Roberto Veneziani*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    3 Citations (Scopus)

    Abstract

    We study a particular collective choice problem, that of allocating chances of success. We argue that many problems of interest have this nature, from small scale problems like medical triage to large scale ones like the allocation of opportunities in society. We consider both finite and infinite societies. We characterise utilitarian-type criteria by means of new properties tailored to the probabilistic structure of the alternatives. (C) 2012 Elsevier B.V. All rights reserved.

    Original languageEnglish
    Pages (from-to)226-236
    Number of pages11
    JournalJournal of Mathematical Economics
    Volume48
    Issue number4
    Early online date30 May 2012
    DOIs
    Publication statusPublished - Aug 2012

    Keywords

    • GENERATIONS
    • Self-duality
    • Utilitarianism
    • INTERGENERATIONAL EQUITY
    • Chances in life
    • Mixture consistency
    • EGALITARIANISM
    • ACCUMULATION
    • NON-WELFARIST METHOD
    • PARETO PRINCIPLE
    • STREAMS
    • CHOICE
    • DICHOTOMOUS PREFERENCES
    • IMPOSSIBILITY
    • Opportunities

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