A NOTE ON SOCIAL WELFARE ORDERS SATISFYING PIGOU-DALTON TRANSFER PRINCIPLE
Ram Dubey ()
Hitotsubashi Journal of Economics, 2016, vol. 57, issue 2, 243-262
This paper studies the constructive nature of social welfare orders on infinite utility streams defined on X=Yⁿ, satisfying the Pigou-Dalton transfer principle (PD), which are known to be representable (see Alcantud (2010) and Sakamoto (2012)). We describe the restrictions on domain Y for explicit representation or construction of the social welfare orders satisfying (i) PD and monotonicity; or (ii) PD only. We show that the restrictions on Y for either (a) construction; or (b) explicit representation of the social welfare orders are identical in both cases.
Keywords: construction; correspondence principle; non-Ramsey set; Pigou-Dalton transfer principle; representation; social welfare orders (search for similar items in EconPapers)
JEL-codes: D60 D70 D90 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitjec:v:57:y:2016:i:2:p:243-262
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