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Paretian evaluation of infinite utility streams: An egalitarian criterion

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  • Alcantud, José C.R.
  • García-Sanz, María D.

Abstract

We prove that Partial Pareto social welfare functions that verify Restricted Non-Substitution and Anonymity exist, and that there are explicit expressions of Strongly Paretian social welfare functions with Restricted Non-Substitution, when each generation's utilities lie in  [union or logical sum] {0}.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4XX15N2-1/2/b01fb28b7f3d0ad154a68bfe2d9b40fc
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 106 (2010)
Issue (Month): 3 (March)
Pages: 209-211

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Handle: RePEc:eee:ecolet:v:106:y:2010:i:3:p:209-211

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Web page: http://www.elsevier.com/locate/ecolet

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Keywords: Social welfare function Equity Pareto axiom Intergenerational utility;

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References

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  1. Kaushik Basu & Tapan Mitra, 2003. "Aggregating Infinite Utility Streams with InterGenerational Equity: The Impossibility of Being Paretian," Econometrica, Econometric Society, vol. 71(5), pages 1557-1563, 09.
  2. Banerjee, Kuntal, 2006. "On the equity-efficiency trade off in aggregating infinite utility streams," Economics Letters, Elsevier, vol. 93(1), pages 63-67, October.
  3. Lauwers, Luc, 1998. "Intertemporal objective functions: Strong pareto versus anonymity," Mathematical Social Sciences, Elsevier, vol. 35(1), pages 37-55, January.
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Cited by:
  1. José Carlos R. Alcantud & María D. García-Sanz, 2013. "Evaluations of Infinite Utility Streams: Pareto Efficient and Egalitarian Axiomatics," Metroeconomica, Wiley Blackwell, vol. 64(3), pages 432-447, 07.
  2. Geir Asheim & Tapan Mitra & Bertil Tungodden, 2012. "Sustainable recursive social welfare functions," Economic Theory, Springer, vol. 49(2), pages 267-292, February.
  3. Alcantud, José Carlos R., 2010. "Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto," MPRA Paper 27618, University Library of Munich, Germany.
  4. Alcantud, José Carlos R., 2010. "The compromise efficiency vs. egalitarianism among generations with an infinite horizon," MPRA Paper 22284, University Library of Munich, Germany.
  5. Alcantud, José Carlos R., 2013. "Fuzzy sets from the ethics of social preferences," MPRA Paper 53549, University Library of Munich, Germany.

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