UCL School of Management

Research seminar

Professor Chris Ryan, UBC


Wednesday, 5 July 2023
14.00 – 15.30
Research Group
Operations and Technology

UCL School of Management is delighted to welcome Professor Chris Ryan, UBC, to host a research seminar discussing; “Near” Weighted Utilitarian Characterizations of Pareto Optima.

We characterize Pareto optimality via “near” weighted utilitarian welfare maximization. One characterization sequentially maximizes utilitarian welfare functions using a finite sequence of nonnegative and eventually positive welfare weights. The other maximizes a utilitarian welfare function with a certain class of positive hyperreal weights. The social welfare ordering represented by these “near” weighted utilitarian welfare criteria is characterized by the standard axioms for weighted utilitarianism under a suitable weakening of the continuity axiom.

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Last updated Tuesday, 4 July 2023