Paretian evaluation of infinite utility streams: an egalitarian criterion

José Alcantud () and María D. García-Sanz

MPRA Paper from University Library of Munich, Germany

Abstract: This paper contributes to qualifying the Basu-Mitra approach to the problem of intergenerational social choice, by analyzing the impact of the structure of the feasible set of utilities on Banerjee's (2006) impossibility theorem. We prove that if the utilities that each generation can possess lie in $\NN \cup \{0\} $, then an explicit expression for a Paretian social welfare function that accounts for a strengthened form of Hammond Equity for the Future can be given.

Keywords: Social welfare function; Equity; Pareto axiom; Intergenerational utility (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: 2007-12-17
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Journal Article: Paretian evaluation of infinite utility streams: An egalitarian criterion (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:6324

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