A definition of a utilitarian social welfare relation (SWR) for infinite utility streams is proposed. Such a relation is characterized in terms of the Pareto, Anonymity and Partial Unit Comparability Axioms. The merits of the utilitarian SWR, relative to the more restrictive SWR induced by the overtaking criterion, are examined.
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Paper provided by Cornell University, Center for Analytic Economics in its series Working Papers with number
03-05.
Find related papers by JEL classification: D60 - Microeconomics - - Welfare Economics - - - General D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General D90 - Microeconomics - - Intertemporal Choice and Growth - - - General
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