The compromise efficiency vs. egalitarianism among generations with an infinite horizon
AbstractThis 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 22284.
Date of creation: 22 Apr 2010
Date of revision:
Social welfare function; Equity; Pareto axiom; Intergenerational justice;
Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D90 - Microeconomics - - Intertemporal Choice - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-02 (All new papers)
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- Kaushik Basu & Tapan Mitra, 2003.
"Aggregating Infinite Utility Streams with InterGenerational Equity: The Impossibility of Being Paretian,"
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- Alcantud, José Carlos R. & García-Sanz, María D., 2007.
"Paretian evaluation of infinite utility streams: an egalitarian criterion,"
6324, University Library of Munich, Germany.
- Alcantud, José C.R. & García-Sanz, María D., 2010. "Paretian evaluation of infinite utility streams: An egalitarian criterion," Economics Letters, Elsevier, vol. 106(3), pages 209-211, March.
- Toyotaka Sakai, 2006. "Equitable Intergenerational Preferences on Restricted Domains," Social Choice and Welfare, Springer, vol. 27(1), pages 41-54, August.
- 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.
- 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.
- 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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