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Liberal Principles for Social Welfare Relations in Infinitely-Lived Societies

Author

Listed:
  • Michele Lombardi

    () (University of Surrey)

  • Roberto Veneziani

    () (Queen Mary, University of London)

Abstract

This 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.

Suggested Citation

  • 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.
  • Handle: RePEc:qmw:qmwecw:wp650
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    File URL: http://www.econ.qmul.ac.uk/media/econ/research/workingpapers/archive/wp650.pdf
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    Cited by:

    1. José Alcantud, 2013. "Liberal approaches to ranking infinite utility streams: when can we avoid interference?," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(2), pages 381-396, July.
    2. 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, July.

    More about this item

    Keywords

    Infinite utility streams; Individual Benefit Principle; Leximax; Non-Interference; Impossibility.;

    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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