Intertemporal equity and the extension of the Ramsey criterion

Marc Fleurbaey and Philippe Michel

No 1997004, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We examine social orderings applied to infinite intergenerational consumption paths. Basic dilemmas between several reasonable axioms lead to a taxonomy and characterization of different kinds of orderings, some of which are well known extensions of the Ramsey criterion. We show how filters and ultrafilters can be used to understand the general structure of these extensions and to construct orderings which meet as many axioms as possible.

Date: 1997-01-01
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Related works:
Journal Article: Intertemporal equity and the extension of the Ramsey criterion (2003)
Working Paper: Intertemporal equity and the extension of the Ramsey criterion (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1997004

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