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An axiomatic approach to intergenerational equity

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Author Info

  • Toyotaka Sakai

    ()
    (Department of Economics, University of Rochester, Rochester, New York 14627, USA)

Abstract

We present a set of axioms in order to capture the concept of equity among an infinite number of generations. There are two ethical considerations: one is to treat every generation equally and the other is to respect distributive fairness among generations. We find two opposite results. In Theorem 1, we show that there exists a preference ordering satisfying anonymity, strong distributive fairness semiconvexity, and strong monotonicity. However, in Theorem 2, we show that there exists no binary relation satisfying anonymity, distributive fairness semiconvexity, and sup norm continuity. We also clarify logical relations between these axioms and non-dictatorship axioms.

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Bibliographic Info

Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 20 (2003)
Issue (Month): 1 ()
Pages: 167-176

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Handle: RePEc:spr:sochwe:v:20:y:2003:i:1:p:167-176

Note: Received: 30 August 2000/Accepted: 18 March 2002
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Cited by:
  1. repec:onb:oenbwp:y::i:95:b:1 is not listed on IDEAS
  2. Alcantud, José Carlos R., 2011. "Liberal approaches to ranking infinite utility streams: When can we avoid interferences?," MPRA Paper 32198, University Library of Munich, Germany.
  3. Kohei Kamaga & Takashi Kojima, 2009. " $${\mathcal{Q}}$$ -anonymous social welfare relations on infinite utility streams," Social Choice and Welfare, Springer, vol. 33(3), pages 405-413, September.
  4. Susumu Cato, 2009. "Characterizing the Nash social welfare relation for infinite utility streams: a note," Economics Bulletin, AccessEcon, vol. 29(3), pages 2372-2379.
  5. Markus Knell, 2005. "On the Design of Sustainable and Fair PAYG Pension Systems When Cohort Sizes Change," Working Papers 95, Oesterreichische Nationalbank (Austrian Central Bank).
  6. Sakai, Toyotaka, 2010. "A characterization and an impossibility of finite length anonymity for infinite generations," Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 877-883, September.
  7. repec:ebl:ecbull:v:4:y:2003:i:26:p:1-5 is not listed on IDEAS
  8. Toyotaka Sakai, 2010. "Intergenerational equity and an explicit construction of welfare criteria," Social Choice and Welfare, Springer, vol. 35(3), pages 393-414, September.
  9. Banerjee, Kuntal & Mitra, Tapan, 2004. "On the Continuity of Ethical Social Welfare Orders," Working Papers 04-16, Cornell University, Center for Analytic Economics.
  10. Christopher Chambers, 2009. "Intergenerational equity: sup, inf, lim sup, and lim inf," Social Choice and Welfare, Springer, vol. 32(2), pages 243-252, February.
  11. Sakamoto, Norihito, 2011. "Impossibilities of Paretian Social Welfare Functions for Infinite Utility Streams with Distributive Equity," Discussion Papers 2011-09, Graduate School of Economics, Hitotsubashi University.
  12. Toyotaka Sakai, 2003. "Intergenerational preferences and sensitivity to the present," Economics Bulletin, AccessEcon, vol. 4(26), pages 1-5.

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