Alcantud, José Carlos R. (2010): Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto.
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This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou-Dalton transfer principle are incompatible with positive responsiveness to welfare improvements by every generation. The case of Hammond Equity for the Future is investigated too.
|Item Type:||MPRA Paper|
|Original Title:||Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto|
|Keywords:||Social welfare function; Equity; Inequality aversion; 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:||21. Dec 2010 14:21|
|Last Modified:||15. Feb 2013 05:06|
Alcantud, J.C.R. and Garcia-Sanz, M.D. (2010): Paretian evaluation of infinite utility streams: an egalitarian criterion. Economics Letters 106, 209-211.
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