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Paretian evaluation of infinite utility streams: an egalitarian criterion

Alcantud, José Carlos R. and García-Sanz, María D. (2007): Paretian evaluation of infinite utility streams: an egalitarian criterion.

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Abstract

This paper contributes to qualifying the Basu-Mitra approach to the problem of intergenerational social choice, by analyzing the impact of the structure of the feasible set of utilities on Banerjee's (2006) impossibility theorem.

We prove that if the utilities that each generation can possess lie in $\NN \cup \{0\} $, then an explicit expression for a Paretian social welfare function that accounts for a strengthened form of Hammond Equity for the Future can be given.

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