Alcantud, José Carlos R. (2010): The compromise efficiency vs. egalitarianism among generations with an infinite horizon.
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This paper concerns ethical aggregation of infinite utility streams. Position i is typically interpreted as the endowment of generation i. We analyze the broad question: In order for the social welfare to increase, the interest of how many generations can be respected if we intend to be "ethical"? Here "ethical" refers to verifying adequate equity axioms, and case-studies cover: extensions of restricted non-substitution; or Hammond Equity-related principles; together with the usual Anonymity axiom.
|Item Type:||MPRA Paper|
|Original Title:||The compromise efficiency vs. egalitarianism among generations with an infinite horizon|
|Keywords:||Social welfare function; Equity; Pareto axiom; Intergenerational justice|
|Subjects:||D - Microeconomics > D7 - Analysis of Collective Decision-Making > 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
|Depositing User:||Jose Carlos R. Alcantud|
|Date Deposited:||22. Apr 2010 21:04|
|Last Modified:||19. Feb 2013 11:35|
Alcantud, J.C.R. and Garcia-Sanz, M.D. (2010a): Paretian evaluation of infinite utility streams: an egalitarian criterion. Economics Letters 106, 209-211.
Alcantud, J.C.R. and Garc\'\i a-Sanz, M.D. (2010b): Evaluations of infinite utility streams: Pareto-efficient and egalitarian axiomatics. MPRA Paper No. 20133, http://mpra.ub.uni-muenchen.de/20133/
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