Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062740 | Economics Letters | 2006 | 4 Pages |
Abstract
Distributional weights for welfare analysis are proposed based on two axioms: (1) all lives are equally valued, (2) the monetary value of a person's life is her own valuation. This implies weights proportional to the reciprocals of the values of statistical lives.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
E. Somanathan,