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

被引:54
作者
Basu, Kaushik [1 ]
Mitra, Tapan [1 ]
机构
[1] Cornell Univ, Dept Econ, Ithaca, NY 14853 USA
关键词
intergenerational equity; Pareto; grading principle; social welfare relations; utilitarianism; partial unit comparability; overtaking criterion;
D O I
10.1016/j.jet.2005.11.003
中图分类号
F [经济];
学科分类号
02 ;
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.
引用
收藏
页码:350 / 373
页数:24
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