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Liberal Principles for Social Welfare Relations in Infinitely-Lived Societies

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  • Michele Lombardi

    ()
    (University of Surrey)

  • Roberto Veneziani

    ()
    (Queen Mary, University of London)

Abstract

This paper extends the analysis of liberal principles in social choice recently proposed by Mariotti and Veneziani (2009a) to infinitely-lived societies. First, a novel characterisation of the inegalitarian leximax social welfare relation is provided based on the Individual Benefit Principle, which incorporates a liberal, non-interfering view of society. This result is surprising because the IBP has no obvious inegalitarian content. Second, it is shown that there exists no weakly complete social welfare relation that satisfies simultaneously the standard axioms of Finite Anonymity, Strong Pareto, and Weak Preference Continuity, and a liberal principle of Non-Interference that generalises IBP.

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Bibliographic Info

Paper provided by Queen Mary, University of London, School of Economics and Finance in its series Working Papers with number 650.

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Date of creation: Sep 2009
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Handle: RePEc:qmw:qmwecw:wp650

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Related research

Keywords: Infinite utility streams; Individual Benefit Principle; Leximax; Non-Interference; Impossibility.;

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Cited by:
  1. Alcantud, José Carlos R. & García-Sanz, María D., 2010. "Evaluations of infinite utility streams: Pareto-efficient and egalitarian axiomatics," MPRA Paper 20133, University Library of Munich, Germany.
  2. José Alcantud, 2013. "Liberal approaches to ranking infinite utility streams: when can we avoid interference?," Social Choice and Welfare, Springer, vol. 41(2), pages 381-396, July.

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