Utilitarianism for Infinite Utility Streams: A New Welfare Criterion and Its Axiomatic Characterization

Kaushik Basu and Tapan Mitra

Working Papers from Cornell University, Center for Analytic Economics

Abstract: A definition of a utilitarian social welfare relation (SWR) for infinite utility streams is proposed. Such a relation is characterized in terms of the Pareto, Anonymity and Partial Unit Comparability Axioms. The merits of the utilitarian SWR, relative to the more restrictive SWR induced by the overtaking criterion, are examined.

JEL-codes: D60 D70 D90 (search for similar items in EconPapers)
Date: 2003-05
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Utilitarianism for infinite utility streams: A new welfare criterion and its axiomatic characterization (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:corcae:03-05

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