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AGGREGATION OF INDIVIDUAL PREFERENCES FOR MAXIMIZING SOCIAL WELFARE
Gabets Olga Vladimirovna
National Research University "Higher School of Economics"
National Research University "Higher School of Economics"
Abstract
The aim of this article is to study the ways of aggregating public preferences, as well as options for achieving fair and equitable distribution of goods. Furthermore, the author analyzes the social welfare function as a tool to aggregate individual utility of consumers.
Article reference:
Aggregation of individual preferences for maximizing social welfare // Economics and innovations management. 2015. № 8 [Electronic journal]. URL: https://ekonomika.snauka.ru/en/2015/08/9592
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