Utilitarianism for infinite utility streams: A new welfare criterion and its axiomatic characterization

• 成果类型: Article
• 署名作者: Basu, Kaushik; Mitra, Tapan
• 署名单位: Cornell University
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2005.11.003
• 发表日期: 2007
• 页码: 350-373
• 关键词: Intergenerational equity; Pareto; grading principle; social welfare relations; Utilitarianism; partial unit comparability; overtaking criterion

摘要

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. (c) 2006 Elsevier Inc. All rights reserved.