Unequal uncertainties and uncertain inequalities: an axiomatic approach
type: Item
instance of: scholarly article
title: Unequal uncertainties and uncertain inequalities: an axiomatic approach
zbMATH Open document ID: 1088.91021
author: Thibault Gajdos
author: Eric Maurin
published in: Journal of Economic Theory
publication date: 2004-08-16T00:00:00Z
review text: The so-called timing effect in social choice problems is considered. The question is: the outcome of an allocation procedure depends on whether individuals' utility levels are evaluated before or after the resolution of uncertainty? Here, it is proved that several reasonable assumptions regarding welfare orderings under an uncertainty rule out pure before evaluations as well as pure after evaluations. Axiomatic characterizations of social welfare functions for uncertain incomes as well of the weighted average of the minimum and the maximum of the after and before evaluations are provided.
reviewed by: Sergei Georgievich Zhuravlev
Mathematics Subject Classification ID: 91B14
Mathematics Subject Classification ID: 91-02
zbMATH DE Number: 2091403
zbMATH Keywords: social choice functions
zbMATH Keywords: social welfare functions
zbMATH Keywords: inequality
zbMATH Keywords: uncertainty
zbMATH Keywords: multiple priors
MaRDI profile type: Publication
full work available at URL: j.jet.2003.07.008
OpenAlex ID: W1979806727
cites work: Q5588318
cites work: Additivity with multiple priors
cites work: Maxmin expected utility with non-unique prior
cites work: Unequal inequalities. I, II
cites work: Utilitarianism, Egalitarianism, and the Timing Effect in Social Choice Problems
DOI: 10.1016/J.JET.2003.07.008
description: scientific article; zbMATH DE number 2091403