Ulf Gerdtham
Professor
A pilot test of using the veil of ignorance approach to estimate a social welfare function for income
Författare
Summary, in English
The veil of ignorance approach is tested as a basis for empirically determining the shape of the social welfare function for income. An experiment is carried out where the participants choose between different societies that differ with respect to per capita income and the distribution of income. The answers are analysed using logistic regression analysis. According to the results the respondents are willing to give up Swedish Crowns (SEK) 1 in the group with more income to gain SEK 0.35 in the group with less income, but this tradeoff is independent of the size of the difference in income between the groups.
Publiceringsår
1995-10-01
Språk
Engelska
Sidor
400-402
Publikation/Tidskrift/Serie
Applied Economics Letters
Volym
2
Issue
10
Dokumenttyp
Artikel i tidskrift
Förlag
Routledge
Ämne
- Economics
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1350-4851