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Intertemporal equity and the extension of the Ramsey criterion

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  • FLEURBAEY, Marc

    (THEMA, Université de Cergy-Pontoise, France)

  • MICHEL, Philippe

    (IUF,GREQAM, Université de la Méditerranée, France)

Abstract

We examine social orderings applied to infinite intergenerational consumption paths. Basic dilemmas between several reasonable axioms lead to a taxonomy and characterization of different kinds of orderings, some of which are well known extensions of the Ramsey criterion. We show how filters and ultrafilters can be used to understand the general structure of these extensions and to construct orderings which meet as many axioms as possible.

Suggested Citation

  • FLEURBAEY, Marc & MICHEL, Philippe, 1997. "Intertemporal equity and the extension of the Ramsey criterion," LIDAM Discussion Papers CORE 1997004, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:1997004
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