Aggregating infinite utility streams with intergenerational equity: The impossibility of being paretian

被引：96

作者：

Basu, K ^{[1
]}

Mitra, T ^{[1
]}

机构：

[1] Cornell Univ, Dept Econ, Ithaca, NY 14853 USA

来源：

ECONOMETRICA | 2003年 / 71卷 / 05期

关键词：

intergenerational equity; Pareto; social welfare functions;

D O I：

10.1111/1468-0262.00458

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

It has been known that, in aggregating infinite utility streams, there does not exist any social welfare function, which satisfies the axioms of Pareto, intergenerational equity, and continuity. We show that the impossibility result persists even without imposing the continuity axiom, and in frameworks allowing for more general domains of utilities than those used in the existing literature.

引用

页码：1557 / 1563

页数：7

共 10 条

[1] GROUP RATIONALITY, UTILITARIANISM, AND ESCHER WATERFALL [J].