Assume you are shipwrecked, and there are ten of you in a lifeboat. You know that it
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Assume you are shipwrecked, and there are ten of you in a lifeboat. You know that it will take ten days to reach shore and that there are rations for only ten person-days. (The ration is the minimum amount needed for survival.) How would a utilitarian allocate the rations? How would a Rawlsian? Some people think that even Rawlsian criteria are not sufficiently egalitarian. What might an extreme egalitarian individual advocate? What does Pareto efficiency require? In each case, state what assumptions you need to make to make the decision.
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Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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