Economics Dictionary of ArgumentsHome
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| Welfare Function - Economics Dictionary of Arguments | |||
| Welfare function: A welfare function in economics represents society’s preferences over different allocations of resources or utility among individuals. It aggregates individual utilities into a single measure to evaluate social welfare, guiding policy decisions. Common forms include utilitarian (sum of utilities) and Rawlsian (focused on the least well-off) approaches. See also Welfare, Welfare gains, John Rawls, Utility._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Hogan, Kathleen | Welfare Function | Hogan, Kathleen | |
| Krishna, Kala | Welfare Function | Krishna, Kala | |
| Swagel, Phillip | Welfare Function | Swagel, Phillip | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-02-16 | |||
