Bergson–Samuelson social welfare function

E573599

The Bergson–Samuelson social welfare function is a formal tool in welfare economics that aggregates individual utilities into a single measure of social welfare to evaluate and compare economic states or policies.

All labels observed (3)

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Statements (45)

Predicate Object
instanceOf concept in welfare economics ⓘ
normative economic concept ⓘ
social welfare function ⓘ
allows ranking of social states ⓘ
welfare comparisons under different allocations of resources ⓘ
assumes complete social preference ordering over feasible allocations ⓘ
transitive social preferences ⓘ
basedOn individualistic social welfare ethics ⓘ
canRepresent different ethical systems depending on its functional form ⓘ
category economic theory concept ⓘ
social choice theory concept ⓘ
characteristic allows interpersonal comparisons of utility via social value judgments ⓘ
normative value judgments are embedded in its functional form ⓘ
ordinally invariant with respect to individual utilities ⓘ
contrastsWith purely Paretian welfare analysis without explicit social welfare function ⓘ
developedBy Paul A. Samuelson ⓘ
linked to: Paul Samuelson
field microeconomics ⓘ
welfare economics ⓘ
formalizedIn Bergson’s 1938 paper "A Reformulation of Certain Aspects of Welfare Economics" ⓘ
Samuelson’s subsequent works on welfare economics ⓘ
generalizationOf utilitarian welfare aggregation ⓘ
hasInput individual utility levels ⓘ
hasOutput scalar measure of social welfare ⓘ
influenced cost–benefit analysis ⓘ
modern optimal taxation theory ⓘ
public economics ⓘ
theory of second-best ⓘ
introducedBy Abram Bergson ⓘ
mathematicalForm real-valued function of individual utilities W(u1, u2, …, un) ⓘ
mayBe increasing in each individual’s utility ⓘ
symmetric with respect to individuals ⓘ
namedAfter Abram Bergson ⓘ
Paul A. Samuelson ⓘ
linked to: Paul Samuelson
purpose aggregate individual utilities into a measure of social welfare ⓘ
evaluate and compare economic policies ⓘ
evaluate and compare economic states ⓘ
relatedTo Arrow’s impossibility theorem ⓘ
Pareto criterion ⓘ
linked to: Pareto efficiency

Rawlsian maximin social welfare function ⓘ
utilitarian social welfare function ⓘ
requires explicit specification of social value judgments ⓘ
timePeriod 20th century ⓘ
usedFor analyzing optimal policy interventions ⓘ
deriving conditions for Pareto efficiency ⓘ
formalizing social choice in economic models ⓘ

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

welfare economics → usesConcept → Bergson–Samuelson social welfare function ⓘ
Bergson–Samuelson social welfare function → formalizedIn → Bergson’s 1938 paper "A Reformulation of Certain Aspects of Welfare Economics" ⓘ
linked to: Bergson–Samuelson social welfare function
Abram Bergson → notableWork → "A Reformulation of Certain Aspects of Welfare Economics" ⓘ
linked to: Bergson–Samuelson social welfare function
Foundations of Economic Analysis → relatedConcept → Bergson–Samuelson social welfare function ⓘ