Liberal Principles for Social Welfare Relations in Infinitely-Lived Societies
AbstractThis 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 InfoPaper provided by Queen Mary, University of London, School of Economics and Finance in its series Working Papers with number 650.
Date of creation: Sep 2009
Date of revision:
Infinite utility streams; Individual Benefit Principle; Leximax; Non-Interference; Impossibility.;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
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- Alcantud, José Carlos R. & García-Sanz, María D., 2010.
"Evaluations of infinite utility streams: Pareto-efficient and egalitarian axiomatics,"
20133, University Library of Munich, Germany.
- José Carlos R. Alcantud & María D. García-Sanz, 2013. "Evaluations of Infinite Utility Streams: Pareto Efficient and Egalitarian Axiomatics," Metroeconomica, Wiley Blackwell, vol. 64(3), pages 432-447, 07.
- 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.
- Alcantud, José Carlos R., 2011. "Liberal approaches to ranking infinite utility streams: When can we avoid interferences?," MPRA Paper 32198, University Library of Munich, Germany.
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