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Treading a Fine Line: Characterisations and Impossibilities for Liberal Principles in Infinitely-Lived Societies

Author

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  • Lombardi Michele

    (Maastricht University & University of Glasgow)

  • Veneziani Roberto

    (Queen Mary University of London)

Abstract

This paper extends the analysis of liberal principles in social choice recently proposed by Mariotti and Veneziani (2009a) to infinitely-lived societies. First, some novel characterisations of inegalitarian leximax social welfare relations are derived based on the Individual Benefit Principle (IBP), which incorporates a liberal, non-interfering view of society. This is surprising because the IBP does not explicitly incorporate any preference for inequality, nor does it assign priority to well-off members of society. Second, some impossibility results are derived that highlight a general tension between standard fairness and efficiency axioms in social choice, and a liberal Principle of Non-Interference that generalises IBP.

Suggested Citation

  • Lombardi Michele & Veneziani Roberto, 2012. "Treading a Fine Line: Characterisations and Impossibilities for Liberal Principles in Infinitely-Lived Societies," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 12(1), pages 1-16, July.
    • Handle: RePEc:bpj:bejtec:v:12:y:2012:i:1:n:24
    DOI: 10.1515/1935-1704.1899
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    Cited by:

    1. Mariotti, Marco & Veneziani, Roberto, 2013. "On the impossibility of complete Non-Interference in Paretian social judgements," Journal of Economic Theory, Elsevier, vol. 148(4), pages 1689-1699.

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