Construct · 1 fields · 1 citations

social welfare function: a standalone construct

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Social choice theory

a function ranking social states by combining individuals' well-being, used to judge which economic outcome is better.

In social choice theory, social welfare function refers to a function ranking social states by combining individuals' well-being, used to judge which economic outcome is better. This meaning comes from Bergson (1938) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

welfare4 fields · 4 citationsjingle · one word, four constructs function5 fields · 6 citationsjingle · one word, five constructs well-being4 names · 5 citationsjangle · one word, four well-beings

References

Bergson, A. (1938). A Reformulation of Certain Aspects of Welfare Economics. The Quarterly Journal of Economics, 52(2), 310. https://doi.org/10.2307/1881737

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