Welfare economics

Antoinette Baujard (1)

1 GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne

This paper presents the Paretian Watershed and the fundamental theorems of welfare economics. It distinguishes the British approach (à la Kaldor-Hicks) from the American approach (à la Bergson-Samuelson) to new welfare economics. It develops the more recent domains of happiness economics, the comparative approach by Amartya Sen, and the theory of fair allocation by Marc Fleurbaey.

Mots clés: Welfare economics; Kaldor-Hicks; Social Welfare Function; Pareto; comparative approach; happiness economics; fair allocation

Domaines: Economies et finances

Antoinette Baujard. Welfare economics. 2013. ⟨halshs-00906907⟩