A social welfare function (SWF) is a function that aggregates individuals' utilities into social utilities. A SWF may, or may not, satisfy some of the following properties. The first property is already implicit in the concept itself of a SWF It prescribes that in the expression of social preferences only the individual (i) nonpaternalism.
A social welfare function (SWF) is a function that aggregates individuals' utilities into social utilities. A SWF may, or may not, satisfy some of the following properties. The first property is already implicit in the concept itself of a SWF It prescribes that in the expression of social preferences only the individual (i) nonpaternalism.
A social welfare function (SWF) is a function that aggregates individuals' utilities into social utilities. A SWF may, or may not, satisfy some of the following properties. The first property is already implicit in the concept itself of a SWF It prescribes that in the expression of social preferences only the individual (i) nonpaternalism.