Alcantud, José Carlos R. and GarcíaSanz, María D. (2010): Evaluations of infinite utility streams: Paretoefficient and egalitarian axiomatics.

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Abstract
Two factors influence the resolution of the conflict among infinite generations: the consistency/ethical postulates requested; and the utilities that each generation can possess. We contribute to qualifying the BasuMitra approach to this problem, that concerns social welfare functions. Firstly we examine efficiency and strengthened forms of Hammond Equity for the Future both when the feasible utilities are [0,1] and natural numbers. This complements Banerjee (Economics Letters, 2006) and Alcantud and Garcia Sanz (Economics Letters, 2010). Secondly, we analyze the possibility of combining Paretoefficiency and the spirit of the Hammond Equity principle for both specfications of the feasible utilities. Here the case study is richer since we analyze four different versions of this principle. We conclude that the Anonymity, Hammond Equity for the Future, and Hammond Equity ethics can be combined with weak specifications of the Pareto postulate at a time even through explicit social welfare functions.
Item Type:  MPRA Paper 

Original Title:  Evaluations of infinite utility streams: Paretoefficient and egalitarian axiomatics 
Language:  English 
Keywords:  Social welfare function; Equity; Pareto axiom; intergenerational justice 
Subjects:  D  Microeconomics > D7  Analysis of Collective DecisionMaking > D71  Social Choice; Clubs; Committees; Associations D  Microeconomics > D6  Welfare Economics > D63  Equity, Justice, Inequality, and Other Normative Criteria and Measurement D  Microeconomics > D9  Intertemporal Choice and Growth > D90  General 
Item ID:  20133 
Depositing User:  Jose Carlos R. Alcantud 
Date Deposited:  19. Jan 2010 19:33 
Last Modified:  12. Feb 2013 19:55 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/20133 