Paretian evaluation of infinite utility streams: an egalitarian criterion

This paper contributes to qualifying the Basu-Mitra approach to the problem of intergenerational social choice, by analyzing the impact of the structure of the feasible set of utilities on Banerjee's (2006) impossibility theorem. We prove that if the utilities that each generation can possess lie in $\NN \cup \{0\} $, then an explicit expression for a Paretian social welfare function that accounts for a strengthened form of Hammond Equity for the Future can be given.

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Year of publication:	2007-12-17
Authors:	Alcantud, José Carlos R. ; García-Sanz, María D.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Social welfare function \| Equity \| Pareto axiom \| Intergenerational utility

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Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005260258