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Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper presents an infinite-horizon version of intergenerational utilitarianism that is both satisfactorily … complete and consistent. By studying discounted utilitarianism as the discount factor tends to one, we obtain a welfare … criterion --- limit-discounted utilitarianism --- that combines efficiency and the equal treatment of generations with …

Persistent link: https://www.econbiz.de/10010258772

Utilitarianism for infinite utility streams: summable differences and finite averages

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper provides axiomatic descriptions of social welfare relations, defined on infinite streams of utility, that are consistent with the utilitarian criterion on subsets where maximizing aggregate utility has a clear interpretation: the streams, or their differences, are summable. Besides...

Persistent link: https://www.econbiz.de/10010258774

The limit of discounted utilitarianism

Jonsson, Adam; Voorneveld, Mark - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 19-37

This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted … utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show …

Persistent link: https://www.econbiz.de/10011855845

The Limit of Discounted Utilitarianism

Jonsson, Adam - 2013

Persistent link: https://www.econbiz.de/10013078241

Can intergenerational equity be operationalized?

Zame, William R. - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 2, pp. 187-202

A long Utilitarian tradition has the ideal of equal regard for all individuals, both those now living and those yet to be born. The literature formalizes this ideal as asking for a preference relation on the space of infinite utility streams that is complete, transitive, invariant to finite...

Persistent link: https://www.econbiz.de/10011702540

On representation and weighted utilitarian representation of preference orders on finite streams

Mitra, Tapan; Ozbek, Mahmut Kemal - 2010

In this paper we re-examine the axiomatic basis of the key result on weighted utilitarian representation of preference orders on finite utility streams. We show that a preference order satisfying the axioms of Minimal Individual Symmetry, Invariance and Strong Pareto need not have a...

Persistent link: https://www.econbiz.de/10008649278

Aggregating Infinite Utility Streams with Inter-Generational Equity

Basu, Kaushik; Mitra, Tapan - 2003

It has been known that, in aggregating infinite utility streams, there does not exist any social welfare function, which satisfies the axioms of Pareto, inter-generational equity and continuity. We show that the impossibility result persists even without imposing the continuity axiom. Hence, the...

Persistent link: https://www.econbiz.de/10014116781

Intergenerational Justice and Sustainability Under the Leximin Ethic

Roemer, John E. - 2014

We model an intergenerational society, with a representative agent at each date, who must deplete a renewable resource, from which he derives utility, to produce consumption goods. We adopt the intergenerational lexicographic minimum as the social welfare function. Initially, technological...

Persistent link: https://www.econbiz.de/10014065003

Utilitarianism on infinite utility streams : summable differences and finite averages

Jonsson, Adam; Voorneveld, Mark - In: Economic theory bulletin 3 (2015) 1, pp. 19-31

Persistent link: https://www.econbiz.de/10011292437

Infinite population utilitarian criteria

Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022

how a novel criterion, Strongly Anonymous Utilitarianism, can be characterized by combining Strong Anonymity with other …

Persistent link: https://www.econbiz.de/10012817908