This paper examines the problem of aggregating infinite utility streams with a social welfare function that respects the Hammond Equity and Weak Pareto Axioms. The paper provides a complete characterization of domains (of the one period utilities) on which such an aggregation is possible. A...

This paper investigates fair (i.e., envy free and efficient) allocations in an overlapping generations economy without production and with two - period lived agents. We show that there exists a conflict between no-envy and efficiency when all generations have identical preferences. This conflict...

This paper studies the nature (representation and construction) of social welfare orders on infinite utility streams, satisfying strong equity and anonymity. We show: 1) there does not exist a social welfare function satisfying the axioms of Anonymity, Monotonicity and Strong Equity for every...