A function mapping allocations of goods to the individuals in an economy to a level of welfare for the economy as a whole. If it depends only on the levels of utility of the individuals rather than separately on the allocations, then it is a Bergsonian social welfare function.
Related information about social welfare function:
- Social welfare function - Wikipedia, the free encyclopedia
In economics, a social welfare function is a real-valued function that ranks conceivable social states (alternative complete descriptions of the society) from lowest ...
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The social welfare function, proposed by Amartya Sen in 1973, is a measure of a society's overall welfare calculated as the product of GDP per capita and the ...
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various arguments of his social welfare function are the components of what I have here ... DEFINITION 4: By a social welfare function will be meant a process or ...
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«The social welfare function should be seen as a statistical 'aggregator' that turns ... social welfare function should be thought of as a tool for organizing our ...
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In Section 3 it is shown that the Nash social welfare function is the ... possible social welfare function in view of the social choice theory that has been developed ...
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Between three alternatives, the social welfare function must give rise to a unique ... Thus we say that the social welfare function generates a social order AwB ...
- Social Welfare Function - Economics - About.com
Social Welfare Function Defined - A Dictionary Definition of Social Welfare Function.
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In a 1938 article Abram Bergson introduced the social welfare function. ... In the above contexts, a social welfare function provides a kind of social preference ...