How sensible is the Leyden individual welfare function of income? A reply

How sensible is the Leyden individual welfare function of income? A reply

In this paper we react to Seidl's (1994) critique on the Leyden approach. Our conclusion is that Seidl's critique is ill-founded as a serious critique on the Leyden approach.

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Bibliographische Detailangaben
Veröffentlicht in:European economic review 1994-12, Vol.38 (9), p.1817-1825
Hauptverfasser: van Praag, Bernard M.S., Kapteyn, Arie
Format: Artikel
Sprache:eng
Schlagworte:
Economic models
Economic theory
Experimental psychology
Income
Individual welfare function
Leyden welfare function of income
Personal income
Seidl, Christian
Studies
Utility function of income
Utility functions
Welfare
Welfare economics
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Zusammenfassung:In this paper we react to Seidl's (1994) critique on the Leyden approach. Our conclusion is that Seidl's critique is ill-founded as a serious critique on the Leyden approach.
ISSN:0014-2921
1873-572X
DOI:10.1016/0014-2921(94)90052-3