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.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Paretian evaluation of infinite utility streams: an egalitarian criterion |
| Language: | English |
| Keywords: | Social welfare function; Equity; Pareto axiom; Intergenerational utility |
| Subjects: | D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement |
| Item ID: | 6324 |
| Depositing User: | Jose Carlos R. Alcantud |
| Date Deposited: | 17 Dec 2007 15:00 |
| Last Modified: | 28 Sep 2019 15:07 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/6324 |
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