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Can Social Preferences be both Stationary and Paretian?

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  • Stéphane Zuber

Abstract

La théorie macroéconomique utilise généralement des fonctions de bien-être social stationnaires. Dans cet article, nous nous interrogeons sur la compatibilité entre cette hypothèse de stationnarité et l'axiome de Pareto dans un modèle où les individus vivent plusieurs périodes. Cette compatibilité s'avère possible uniquement lorsque les individus ont des préférences additivement séparables et un taux de préférence pour le présent constant, qui doit être le même pour tous. Le planificateur doit également être utilitariste. Ces conditions impliquent que la société doit adopter l'utilitarisme escompté.

Suggested Citation

  • Stéphane Zuber, 2011. "Can Social Preferences be both Stationary and Paretian?," Annals of Economics and Statistics, GENES, issue 101-102, pages 347-360.
  • Handle: RePEc:adr:anecst:y:2011:i:101-102:p:347-360
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