An Impossibility Result for Social Welfare Relations in Infinitely-lived Societies
This paper extends the analysis of liberal principles in social choice recently proposed by Mariotti and Veneziani () to societies with an infinite number of agents. 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 anti-egalitarian 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 Continuity, and a liberal principle of Non-Interference that generalises IBP.
|Date of creation:||Jul 2009|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.ier.hit-u.ac.jp/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hst:ghsdps:gd09-077. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tatsuji Makino)
If references are entirely missing, you can add them using this form.