Liberal approaches to ranking infinite utility streams: When can we avoid interferences?
In this work we analyse social welfare relations on sets of infinite utility streams that verify various types of liberal non-interference principles. Earlier contributions have established that (finitely) anonymous and strongly Paretian quasiorderings exist that agree with axioms of that kind together with weak preference continuity and further consistency. Nevertheless Mariotti and Veneziani prove that a fully liberal non-interfering view of a finite society leads to dictatorship if weak Pareto optimality is imposed. We first prove that extending the horizon to infinity produces a reversal of such impossibility result. Then we investigate a related problem: namely, the possibility of combining “standard” semicontinuity with efficiency in the presence of non-interference. We provide several impossibility results that prove that there is a generalised incompatibility between continuity and non-interference principles, both under ordinal and cardinal views of the problem. Our analysis ends with some insights on the property of representability in the presence of non-interference assumptions. In particular we prove that all social welfare functions that verify a very mild efficiency property must exert some interference (penalising both adverse and favorable changes) on the affairs of particular generations.
|Date of creation:||12 Jul 2011|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michele Lombardi & Roberto Veneziani, 2009. "Liberal Principles for Social Welfare Relations in Infinitely-Lived Societies," Working Papers 650, Queen Mary University of London, School of Economics and Finance.
- Bossert, Walter & Sprumont, Yves & Suzumura, Kotaro, 2007. "Ordering infinite utility streams," Journal of Economic Theory, Elsevier, vol. 135(1), pages 579-589, July.
- Michele Lombardi & Roberto Veneziani, 2009.
"Liberal Egalitarianism and the Harm Principle,"
Global COE Hi-Stat Discussion Paper Series
gd09-078, Institute of Economic Research, Hitotsubashi University.
- Michele Lombardi & Roberto Veneziani, 2009. "Liberal Egalitarianism and the Harm Principle," Working Papers 649, Queen Mary University of London, School of Economics and Finance.
- Michele Lombardi & Kahame Miyagishima & Roberto Veneziani, 2013. "Liberal Egalitarianism and the Harm Principle," UMASS Amherst Economics Working Papers 2013-07, University of Massachusetts Amherst, Department of Economics.
- Lombardi, Michele & Miyagishima, Kaname & Veneziani, Roberto, 2013. "Liberal Egalitarianism and the Harm Principle," MPRA Paper 48458, University Library of Munich, Germany.
- Toyotaka Sakai, 2003. "An axiomatic approach to intergenerational equity," Social Choice and Welfare, Springer, vol. 20(1), pages 167-176.
- Geir B. Asheim & Stéphane Zuber, 2011.
"A Complete and Strongly Anonymous Leximin Relation on Infinite Streams,"
CESifo Working Paper Series
3578, CESifo Group Munich.
- Geir Asheim & Stéphane Zuber, 2013. "A complete and strongly anonymous leximin relation on infinite streams," Social Choice and Welfare, Springer, vol. 41(4), pages 819-834, October.
- Marco Mariotti & Roberto Veneziani, 2009. "‘Non-interference’ implies equality," Social Choice and Welfare, Springer, vol. 32(1), pages 123-128, January.
- Chiaki Hara & Tomoichi Shinotsuka & Kotaro Suzumura & Yongsheng Xu, 2008. "Continuity and egalitarianism in the evaluation of infinite utility streams," Social Choice and Welfare, Springer, vol. 31(2), pages 179-191, August.
- Asheim, Geir B. & Mitra, Tapan & Tungodden, Bertil, 2006.
"Sustainable recursive social welfare functions,"
18/2006, Oslo University, Department of Economics.
- Marco Mariotti & Roberto Veneziani, 2009. "The Paradoxes of the Liberal Ethics of Non-interference," Working Papers 653, Queen Mary University of London, School of Economics and Finance.
- Graciela Chichilnisky, 1996.
"An axiomatic approach to sustainable development,"
Social Choice and Welfare,
Springer, vol. 13(2), pages 231-257, April.
- Hammond, Peter J, 1976. "Equity, Arrow's Conditions, and Rawls' Difference Principle," Econometrica, Econometric Society, vol. 44(4), pages 793-804, July.
- Geir Asheim & Bertil Tungodden, 2004. "Resolving distributional conflicts between generations," Economic Theory, Springer, vol. 24(1), pages 221-230, 07.
- Toyotaka Sakai, 2003. "Intergenerational preferences and sensitivity to the present," Economics Bulletin, AccessEcon, vol. 4(26), pages 1-5.
- repec:ebl:ecbull:v:4:y:2003:i:26:p:1-5 is not listed on IDEAS
- Mariotti, Marco & Veneziani, Roberto, 2013. "On the impossibility of complete Non-Interference in Paretian social judgements," Journal of Economic Theory, Elsevier, vol. 148(4), pages 1689-1699.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:32198. 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: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.