Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto

José Alcantud ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou-Dalton transfer principle are incompatible with positive responsiveness to welfare improvements by every generation. The case of Hammond Equity for the Future is investigated too.

Keywords: Social welfare function; Equity; Inequality aversion; Pareto axiom; Intergenerational justice (search for similar items in EconPapers)
JEL-codes: D63 D71 D90 (search for similar items in EconPapers)
Date: 2010-11-30
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27618

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