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Fixed-step anonymous overtaking and catching-up

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Author Info
Geir B. Asheim () (Department of Economics, University of Oslo, Norway)
Kuntal Banerjee () (Department of Economics, College of Business, Florida Atlantic University)

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Abstract

We investigate criteria for evaluating infinite utility streams that satisfy Fixed-step anonymity and includes some notion of overtaking or catching-up. We do so in a generalized setting which do not require us to specify the underlying finite-dimensional criterion (e.g., utilitarianism or leximin). We present axiomatizations that rely on weaker axioms than those in the literature, and which in one case is new. We also provide a complete analysis of the relationships between the symmetric parts of these criteria and likewise for the asymmetric parts.

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File URL: http://kuntal.banerjee.googlepages.com/fsa01.pdf
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File Function: First version, 2009
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Publisher Info
Paper provided by Department of Economics, College of Business, Florida Atlantic University in its series Working Papers with number 09001.

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Length: 25 pages
Date of creation: Jan 2009
Date of revision:
Handle: RePEc:fal:wpaper:09001

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Related research
Keywords: Intergenerational justice; Utilitarianism; Leximin;

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Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Basu, Kaushik & Mitra, Tapan, 2007. "Utilitarianism for infinite utility streams: A new welfare criterion and its axiomatic characterization," Journal of Economic Theory, Elsevier, vol. 133(1), pages 350-373, March. [Downloadable!] (restricted)
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  2. Asheim, Geir B. & d'Aspremont, Claude & Banerjee, Kuntal, 2008. "Generalized time-invariant overtaking," PIE/CIS Discussion Paper 394, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    Other versions:
  3. Geir Asheim & Bertil Tungodden, 2004. "Resolving distributional conflicts between generations," Economic Theory, Springer, vol. 24(1), pages 221-230, 07. [Downloadable!] (restricted)
  4. Kamaga, Kohei & Kojima, Takashi, 2008. "Q-anonymous social welfare relations on infinite utility streams," PIE/CIS Discussion Paper 391, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  5. Bossert, Walter & Sprumont, Yves & Suzumura, Kotaro, 2007. "Ordering infinite utility streams," Journal of Economic Theory, Elsevier, vol. 135(1), pages 579-589, July. [Downloadable!] (restricted)
  6. Fleurbaey, Marc & Michel, Philippe, 2003. "Intertemporal equity and the extension of the Ramsey criterion," Journal of Mathematical Economics, Elsevier, vol. 39(7), pages 777-802, September. [Downloadable!] (restricted)
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  7. Kamaga, Kohei & Kojima, Takashi, 2008. "On the leximin and utilitarian overtaking criteria with extended anonymity," PIE/CIS Discussion Paper 392, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  8. Sakai, Toyotaka, 2008. "Intergenerational equity and an explicit construction of welfare criteria," PIE/CIS Discussion Paper 395, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Alcantud, José Carlos R. & García-Sanz, María D., 2009. "A comment on "Intergenerational equity: sup, inf, lim sup, and lim inf"," MPRA Paper 14763, University Library of Munich, Germany. [Downloadable!]
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