Yeon‐Koo Che, Jinwoo Kim, Fuhito Kojima, Christopher Thomas Ryan
We give two characterizations of Pareto optimality via “near” weighted utilitarian welfare maximization. One characterization sequentially maximizes utilitarian welfare functions using a finite sequence of nonnegative and eventually positive welfare weights. The other maximizes a utilitarian welfare function with a certain class of positive hyperreal weights. The social welfare ordering represented by these “near” weighted utilitarian welfare criteria is characterized by the standard axioms for weighted utilitarianism under a suitable weakening of the continuity axiom.
MLA
Che, Yeon‐Koo, et al. ““Near” weighted utilitarian characterizations of Pareto optima.” Econometrica, vol. 92, .no 1, Econometric Society, 2024, pp. 141-165, https://doi.org/10.3982/ECTA18930
Chicago
Che, Yeon‐Koo, Jinwoo Kim, Fuhito Kojima, and Christopher Thomas Ryan. ““Near” weighted utilitarian characterizations of Pareto optima.” Econometrica, 92, .no 1, (Econometric Society: 2024), 141-165. https://doi.org/10.3982/ECTA18930
APA
Che, Y., Kim, J., Kojima, F., & Ryan, C. T. (2024). “Near” weighted utilitarian characterizations of Pareto optima. Econometrica, 92(1), 141-165. https://doi.org/10.3982/ECTA18930
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