Accession Number:

AD0606914

Title:

AGGREGATION OF UTILITY FUNCTIONS

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1958-07-14

Pagination or Media Count:

31.0

Abstract:

The author shows that if in an economy each consumer has a fixed income and acts so as to maximize a concave, continuous and homogeneous utility function, then both a social welfare and a community utility function exist.

Subject Categories:

  • Theoretical Mathematics
  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE