We propose generalized versions of strong equity and Pigou-Dalton transfer principle. We study the existence and the real valued representation of social welfare relations satisfying these two generalized equity principles. Our results characterize the restrictions on one period utility domains...

In this paper we show that if a strongly monotone inter-temporal order exhibits no preference towards the advancement of timing of future utility on any infinite utility stream, then the existence of such an order must involve some non-constructive device

In this paper, we investigate the possibility of representing ethical intergenerational preferences using more than one utility function. It is shown that the impossibility of representing intergenerational preferences equitably persists in the multiutility frame work with some reasonable...