Alcantud, José Carlos R. (2010): The compromise efficiency vs. egalitarianism among generations with an infinite horizon.
Download (163Kb) | Preview
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/
Banerjee, K. (2006): On the equity-efficiency trade off in aggregating infinite utility streams. Economics Letters 93, 63-67.
Basu, K. and Mitra, T. (2003): Aggregating infinite utility streams with intergenerational equity: the impossibility of being paretian. Econometrica 71, 1557-1563.
Basu, K. and Mitra, T. (2007): Possibility theorems for aggregating infinite utility streams equitably. In: Roemer, J., Suzumura, K. (Eds.), Intergenerational Equity and Sustainability: Conference Proceedings of the IWEA Roundtable Meeting on Intergenerational Equity (Palgrave).
Bossert, W., Sprumont, Y. and Suzumura, K. (2007): Ordering infinite utility streams. Journal of Economic Theory 135, 579-589.
Hara, C., Shinotsuka, T., Suzumura, K. and Xu, Y. (2008): Continuity and egalitarianism in the evaluation of infinite utility streams. Social Choice and Welfare 31, 179-191.
Sakai, T. (2006): Equitable intergenerational preferences on restricted domains. Social Choice and Welfare 27, 41-54.
Available Versions of this Item
- The compromise efficiency vs. egalitarianism among generations with an infinite horizon. (deposited 22. Apr 2010 21:04) [Currently Displayed]