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Intertemporal equity and the extension of the Ramsey criterion

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  • FLEURBAEY, Marc

    (THEMA, Université de Cergy-Pontoise, France)

  • MICHEL, Philippe

    (IUF,GREQAM, Université de la Méditerranée, France)

Abstract

We 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 Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1997004.

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Date of creation: 01 Jan 1997
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Handle: RePEc:cor:louvco:1997004

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  1. Blackorby, Charles & Bossert, Walter & Donaldson, David, 1995. "Intertemporal Population Ethics: Critical-Level Utilitarian Principles," Econometrica, Econometric Society, vol. 63(6), pages 1303-20, November.
  2. Svensson, Lars-Gunnar, 1980. "Equity among Generations," Econometrica, Econometric Society, vol. 48(5), pages 1251-56, July.
  3. Asheim, Geir B., 1991. "Unjust intergenerational allocations," Journal of Economic Theory, Elsevier, vol. 54(2), pages 350-371, August.
  4. Tjalling C. Koopmans, 1963. "On the Concept of Optimal Economic Growth," Cowles Foundation Discussion Papers 163, Cowles Foundation for Research in Economics, Yale University.
  5. Dutta, P.K., 1991. "What Do Discounted Optima Converge To? A Theory of Discount Rate Asymptotics in Economic Models," RCER Working Papers 264, University of Rochester - Center for Economic Research (RCER).
  6. Cass, David, 1972. "On capital overaccumulation in the aggregative, neoclassical model of economic growth: A complete characterization," Journal of Economic Theory, Elsevier, vol. 4(2), pages 200-223, April.
  7. Lauwers, Luc, 1995. "Time-neutrality and linearity," Journal of Mathematical Economics, Elsevier, vol. 24(4), pages 347-351.
  8. Brock, William A, 1970. "On Existence of Weakly Maximal Programmes in a Multi-Sector Economy," Review of Economic Studies, Wiley Blackwell, vol. 37(2), pages 275-80, April.
  9. BLACKORBY, Charles & BOSSERT, Walter & DONALDSON, David, 2006. "Population Ethics," Cahiers de recherche 2006-15, Universite de Montreal, Departement de sciences economiques.
    • BLACKORBY, Charles & BOSSERT, Walter & DONALDSON, David, 2006. "Population Ethics," Cahiers de recherche 14-2006, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  10. Blackorby, Charles & Donaldson, David, 1984. "Social criteria for evaluating population change," Journal of Public Economics, Elsevier, vol. 25(1-2), pages 13-33, November.
  11. KIRMAN, Alan P. & SONDERMANN, Dieter, . "Arrow's theorem, many agents, and indivisible dictators," CORE Discussion Papers RP -118, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  12. Fleurbaey, Marc & Michel, Philippe, 2001. "Transfer principles and inequality aversion, with an application to optimal growth," Mathematical Social Sciences, Elsevier, vol. 42(1), pages 1-11, July.
  13. Lauwers, Luc, 1998. "Intertemporal objective functions: Strong pareto versus anonymity," Mathematical Social Sciences, Elsevier, vol. 35(1), pages 37-55, January.
  14. Broome, John, 1996. "The Welfare Economics of Population," Oxford Economic Papers, Oxford University Press, vol. 48(2), pages 177-93, April.
  15. Michel, Philippe, 1990. "Some Clarifications on the Transversality Condition," Econometrica, Econometric Society, vol. 58(3), pages 705-23, May.
  16. Dutta, Prajit K., 1991. "What do discounted optima converge to?: A theory of discount rate asymptotics in economic models," Journal of Economic Theory, Elsevier, vol. 55(1), pages 64-94, October.
  17. Lauwers, Luc & Van Liedekerke, Luc, 1995. "Ultraproducts and aggregation," Journal of Mathematical Economics, Elsevier, vol. 24(3), pages 217-237.
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