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The compromise efficiency vs. egalitarianism among generations with an infinite horizon

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  • Alcantud, José Carlos R.

Abstract

This paper concerns ethical aggregation of infinite utility streams. Position i is typically interpreted as the endowment of generation i. We analyze the broad question: In order for the social welfare to increase, the interest of how many generations can be respected if we intend to be "ethical"? Here "ethical" refers to verifying adequate equity axioms, and case-studies cover: extensions of restricted non-substitution; or Hammond Equity-related principles; together with the usual Anonymity axiom.

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File URL: http://mpra.ub.uni-muenchen.de/22284/
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File URL: http://mpra.ub.uni-muenchen.de/22467/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 22284.

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Date of creation: 22 Apr 2010
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Handle: RePEc:pra:mprapa:22284

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Related research

Keywords: Social welfare function; Equity; Pareto axiom; Intergenerational justice;

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References

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  1. Chiaki Hara & Tomoichi Shinotsuka & Kotaro Suzumura & Yongsheng Xu, 2008. "Continuity and egalitarianism in the evaluation of infinite utility streams," Social Choice and Welfare, Springer, vol. 31(2), pages 179-191, August.
  2. Bossert, Walter & Sprumont, Yves & Suzumura, Kotaro, 2007. "Ordering infinite utility streams," Journal of Economic Theory, Elsevier, vol. 135(1), pages 579-589, July.
  3. Basu, Kaushik & Mitra, Tapan, 2005. "Possibility Theorems for Aggregating Infinite Utility Streams Equitably," Working Papers 05-05, Cornell University, Center for Analytic Economics.
  4. Kaushik Basu & Tapan Mitra, 2003. "Aggregating Infinite Utility Streams with InterGenerational Equity: The Impossibility of Being Paretian," Econometrica, Econometric Society, vol. 71(5), pages 1557-1563, 09.
  5. Alcantud, José Carlos R. & García-Sanz, María D., 2007. "Paretian evaluation of infinite utility streams: an egalitarian criterion," MPRA Paper 6324, University Library of Munich, Germany.
  6. Toyotaka Sakai, 2006. "Equitable Intergenerational Preferences on Restricted Domains," Social Choice and Welfare, Springer, vol. 27(1), pages 41-54, August.
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Cited by:
  1. Alcantud, José Carlos R., 2011. "The impossibility of social evaluations of infinite streams with strict inequality aversion," MPRA Paper 33716, University Library of Munich, Germany.
  2. 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.
  3. Sakamoto, Norihito, 2012. "Impossibilities Of Paretian Social Welfare Functions For Infinite Utility Streams With Distributive Equity," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 53(2), pages 121-130, December.

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