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Paolo G. Piacquadio
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The sum of concave transformations of utilities is a natural benchmark for policy analysis.But how compelling is it?@schokkaerterik and Tarroux survey research on its popularity.#econtwitterhttps://halshs.archives-ouvertes.fr/halshs-0311031
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Normative economics developed around two approaches:- Choosing (C) identifies how society ought to choose for each situation in some domain;- Ranking (R) identifies how society ought to rank alternatives in
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The assessment of situations with risk is one of the most fascinating (open) questions in welfare economics.Consider two identical individuals A and B. Each policy gives a state-specific income bonus.How
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