On the equity-efficiency trade off in aggregating infinite utility streams

Economics Letters

Volumn 93, Issue 1, 2006, Pages 63-67

  Banerjee, Kuntal ^a  

^a Department of Obstetrics Gynecology   (United States)

Author keywords

Hammond Equity for the Future; Social welfare function; Strong Pareto axiom; Weak Dominance axiom

Indexed keywords

EID: 33748883441     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2006.03.041     Document Type: Article

References (8)

1. Asheim, G.B., Tungodden, B., 2004. Do Koopmans' postulates lead to discounted utilitarianism? Discussion paper 32/04, Norwegian School of Economics and Business Administration.
2. Asheim G.B., Mitra T., and Tungodden B. A new equity condition for infinite utility streams and the possibility of being Paretian. In: Roemer J., and Suzumura K. (Eds). Intergenerational Equity and Sustainability: Conference Proceedings of the IEA Roundtable Meeting on Intergenerational Equity (Palgrave) (2005)
3. Basu K., and Mitra T. Aggregating infinite utility streams with inter-generational equity: the impossibility of being Paretian. Econometrica 71 (2003) 1557-1563
4. Basu, K., Mitra, T., in press. Possibility theorems for aggregating infinite utility streams equitably. In: Roemer, J., Suzumura, K. (Eds.), Intergenerational Equity and Sustainability: Conference Proceedings of the IEA Roundtable Meeting on Intergenerational Equity (Palgrave).
5. Diamond P. The evaluation of infinite utility streams. Econometrica 33 (1965) 170-177
6. Hara C., Shinotsuka T., Suzumura K., and Yongsheng X. On the Possibility of Continuous, Paretian and Egalitarian Evaluation of Infinite Utility Streams (2005), Institute of Economic Research, Hitosubashi University
7. Suzumura K., and Shinotsuka T. On the Possibility of Continuous, Paretian and Egalitarian Evaluation of Infinite Utility Streams (2003), Institute of Economic Research, Hitosubashi University
8. Svensson L.G. Equity among generations. Econometrica 48 (1980) 1251-1256