Abstract
This paper provides a new formulation of the Nash social welfare function for a continuum of individuals. The new formulation removes redundant assumptions of Kaneko's original formulation and in particular shows that the continuity axiom on social orderings is unnecessary. The derivation of the Nash social welfare function is also much directer and shorter than Kaneko's original derivation.
| Original language | English |
|---|---|
| Pages (from-to) | 33-43 |
| Number of pages | 11 |
| Journal | Social Choice and Welfare |
| Volume | 1 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1984 May |
| Externally published | Yes |
ASJC Scopus subject areas
- Social Sciences (miscellaneous)
- Economics and Econometrics