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Published on: September 11, 2021
Social evaluation with variable population size: an alternative concept
Summary
This study introduces a new framework for evaluating social welfare changes due to population growth. It proposes a method to assess the impact of adding individuals on overall societal well-being.
Area of Science:
- Social Sciences
- Economics
- Welfare Economics
Background:
- Understanding the impact of population dynamics on social welfare is crucial for policy-making.
- Existing models may not fully capture the nuanced effects of societal growth on well-being.
Purpose of the Study:
- To develop a general concept for value judgments regarding population changes and social welfare.
- To introduce and discuss the replication invariance condition in welfare analysis.
- To provide an axiomatic framework for welfare orderings.
Main Methods:
- Introduction of a novel concept for expressing value judgments on agent addition.
- Discussion of the replication invariance condition.
- Development of an axiomatic framework using generalized averaging of individual utilities.
Main Results:
- A conceptual tool for assessing the welfare impact of population increases.
- Formalization of replication invariance in social welfare considerations.
- An axiomatic basis for welfare orderings derived from individual utilities.
Conclusions:
- The proposed framework offers a systematic approach to welfare economics concerning population changes.
- The axiomatic structure provides a rigorous foundation for analyzing societal well-being.
- Replication invariance is a key consideration for robust welfare assessments.
Keywords:
BehaviorDecision MakingDemographic FactorsEconomic FactorsEvaluationPopulationPopulation DynamicsPopulation SizeSocial WelfareUtility TheoryMore Related Videos
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