Intertemporal equity and the extension of the Ramsey criterion
AbstractWe examine social orderings applied to infinite intergenerational consumption paths. Basic dilemmas between several reasonable axioms lead to a taxonomy and characterization of different kinds of orderings, some of which are well known extensions of the Ramsey criterion. We show how filters and ultrafilters can be used to understand the general structure of these extensions and to construct orderings which meet as many axioms as possible.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Mathematical Economics.
Volume (Year): 39 (2003)
Issue (Month): 7 (September)
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Other versions of this item:
- M. Fleurbaey & P. Michel, 1997. "Intertemporal equity and the extension of the Ramsey criterion," THEMA Working Papers 97-11, THEMA (THÃ©orie Economique, ModÃ©lisation et Applications), UniversitÃ© de Cergy-Pontoise.
- FLEURBAEY, Marc & MICHEL, Philippe, 1997. "Intertemporal equity and the extension of the Ramsey criterion," CORE Discussion Papers, UniversitÃ© catholique de Louvain, Center for Operations Research and Econometrics (CORE) 1997004, UniversitÃ© catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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