Alcantud, José Carlos R. (2011): The impossibility of social evaluations of infinite streams with strict inequality aversion.
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Abstract
We are concerned with the problem of aggregating infinite utility streams and the possible adoption of consequentialist equity principles. We find a virtually universal incompatibility between the BasuMitra approach (that advocates for social welfare functions and renounces continuity assumptions) and postulates that capture various forms of strict preference for a reduction in inequality like the Strong Equity Principle, the PigouDalton Transfer principle, or Altruistic Equity. We also prove that the HaraShinotsukaSuzumuraXu impossibility for semicontinuous social welfare relations remains under the latter distributional postulate.
Item Type:  MPRA Paper 

Original Title:  The impossibility of social evaluations of infinite streams with strict inequality aversion 
Language:  English 
Keywords:  Social welfare functions; Strong Equity Principle; PigouDalton Transfer principle; Altruistic Equity; monotonicity 
Subjects:  D  Microeconomics > D6  Welfare Economics > D63  Equity, Justice, Inequality, and Other Normative Criteria and Measurement D  Microeconomics > D7  Analysis of Collective DecisionMaking > D71  Social Choice ; Clubs ; Committees ; Associations D  Microeconomics > D9  Intertemporal Choice > D90  General 
Item ID:  44372 
Depositing User:  Jose Carlos R. Alcantud 
Date Deposited:  18 Feb 2013 14:12 
Last Modified:  26 Sep 2019 19:32 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/44372 
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The impossibility of social evaluations of infinite streams with strict inequality aversion. (deposited 25 Sep 2011 19:14)
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