Munich Personal RePEc Archive

Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto

Alcantud, José Carlos R. (2010): Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto.

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Abstract

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.

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