The impossibility of social evaluations of infinite streams with strict inequality aversion

José Alcantud ()

MPRA Paper from University Library of Munich, Germany

Abstract: We are concerned with the problem of aggregating infinite utility streams and the possible adoption of consequentialist equity principles when using numerical evaluations of the streams. We find a virtually universal incompatibility between the Basu-Mitra approach (that advocates for social welfare functions and renounces continuity assumptions) and postulates that capture various forms of strict preference for a reduction in inequality like the Strong Equity Principle, the Pigou-Dalton Transfer principle, or Altruistic Equity.

Keywords: Social welfare functions; Strong Equity Principle; Pigou-Dalton Transfer principle; Altruistic Equity; monotonicity (search for similar items in EconPapers)
JEL-codes: D63 D71 D90 (search for similar items in EconPapers)
Date: 2011-09-25
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Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/33716/1/MPRA_paper_33716.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/44372/3/MPRA_paper_44372.pdf revised version (application/pdf)

Related works:
Journal Article: The impossibility of social evaluations of infinite streams with strict inequality aversion (2013)
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