Mabrouk, Mohamed (2008): Translation invariance when utility streams are infinite and unbounded.
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The axiom translation invariance consists in asserting the invariance of the ranking of two utility streams if one applies the same translation to both. This axiom is significant in the characterization of utilitarian criteria in finite dimension. This characterization is achieved thanks to the "weak weighted utilitarianism theorem".The objective here is to propose a generalization of this theorem in a space of infinite and unbounded utility streams. A consequence of the suggested generalization is that, in the context of intergenerational choice, every maximal point with respect to a paretian utilitarian order granting comparable considerations to the present and the future, is also a maximal point with respect to some future-oriented criterion.
|Item Type:||MPRA Paper|
|Original Title:||Translation invariance when utility streams are infinite and unbounded|
|Keywords:||Translation invariance; Infinite utility streams; Utilitarianism; Intergenerational equity|
|Subjects:||D - Microeconomics > D9 - Intertemporal Choice > D99 - Other
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
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
|Depositing User:||Mohamed ben Ridha Mabrouk|
|Date Deposited:||11. Nov 2009 00:01|
|Last Modified:||03. Apr 2015 17:24|
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