|Mause I 271
Benefits/Welfare Economics/Mueller: for the establishment of a welfare function it is necessary to assume cardinal and also individual benefit measures. (1)
Problem: these requirements for social welfare functions are more demanding and therefore less realistic than those raised by other microeconomic theory, see Hands (2). See also Welfare Economics/Mueller.
1, Dennis C. Mueller, Public choice III. Cambridge 2003, S. 565-567.
2.Wade D. Hands, Paul Samuelson and revealed preference theory. History of Political Economy 46, (1) 2014, S.85– 116._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Dennis C. Mueller
Public Choice III Cambridge 2003
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018