Question

Bergson-Samuelson Social welfare function

09 Jan 2025
Answer :
Word Count : 233

The Bergson-Samuelson social welfare function (SWF) is a mathematical representation used in microeconomics to aggregate individual preferences into a collective social preference. Developed by economist Abram Bergson and Paul Samuelson, the SWF aims to provide a framework for evaluating the overall welfare of a society by combining the utility of its members.

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