Fairness and well-being measurement

Fleurbaey, Marc;Maniquet, François
(2017) Mathematical Social Sciences — Vol. 90, p. 119-128 (2017)

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Abstract
We assume that economic justice requires resources to be allocated fairly, and we construct individual well-being measures that embody fairness principles in interpersonal comparisons. These measures are required to respect agents' preferences. Across preferences well-being comparisons are required to depend on comparisons of the bundles of resources consumed by agents. We axiomatically justify two main families of well-being measures reminiscent to the ray utility and money-metric utility functions.
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Fleurbaey, M., & Maniquet, F. (2017). Fairness and well-being measurement. Mathematical Social Sciences, 90, 119-128. https://doi.org/10.1016/j.mathsocsci.2016.11.003 (Original work published 2017)