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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.



Item Type: MPRA Paper -

Original Title: The impossibility of social evaluations of infinite streams with strict inequality aversion-

Language: English-

Keywords: Social welfare functions; Strong Equity Principle; Pigou-Dalton Transfer principle; Altruistic Equity; monotonicity-

Subjects: D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and MeasurementD - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice ; Clubs ; Committees ; AssociationsD - Microeconomics > D9 - Intertemporal Choice > D90 - General-





Author: Alcantud, José Carlos R.

Source: https://mpra.ub.uni-muenchen.de/33716/







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