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A comment on "Intergenerational equity: sup, inf, lim sup, and lim inf"

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Author Info
Alcantud, José Carlos R.
García-Sanz, María D.

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Abstract

We reexamine the analysis of Chambers (Social Choice and Welfare, 2009), that produces a characterization of a family of social welfare functions in the context of intergenerational equity: namely, those that coincide with either the sup, inf, lim sup, or lim inf rule. Reinforcement, ordinal covariance, and monotonicity jointly identify such class of rules. We show that the addition of a suitable axiom to this three properties permits to characterize each particular rule. A discussion of the respective distinctive properties is provided.

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File URL: http://mpra.ub.uni-muenchen.de/14763/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14763.

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Date of creation: 21 Apr 2009
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Handle: RePEc:pra:mprapa:14763

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Related research
Keywords: Social welfare function; Intergenerational equity; Lim sup ; Lim inf;

Find related papers by JEL classification:
D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
D90 - Microeconomics - - Intertemporal Choice and Growth - - - General
D60 - Microeconomics - - Welfare Economics - - - General

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  1. Geir Asheim & Bertil Tungodden, 2004. "Resolving distributional conflicts between generations," Economic Theory, Springer, vol. 24(1), pages 221-230, 07. [Downloadable!] (restricted)
  2. Asheim, Geir B. & Tungodden, Bertil, 2005. "A new equity condition for infinite utility streams and the possibility of being Paretian," Memorandum 08/2005, Oslo University, Department of Economics. [Downloadable!]
  3. Christopher Chambers, 2009. "Intergenerational equity: sup, inf, lim sup, and lim inf," Social Choice and Welfare, Springer, vol. 32(2), pages 243-252, February. [Downloadable!] (restricted)
  4. 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)
  5. Geir B. Asheim & Kuntal Banerjee, 2009. "Fixed-step anonymous overtaking and catching-up," Working Papers 09001, Department of Economics, College of Business, Florida Atlantic University. [Downloadable!]
  6. Lauwers, Luc, 1998. "Intertemporal objective functions: Strong pareto versus anonymity," Mathematical Social Sciences, Elsevier, vol. 35(1), pages 37-55, January. [Downloadable!] (restricted)
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