A complete and strongly anonymous leximin relation on infinite streams

نویسندگان

  • Geir B. Asheim
  • Stéphane Zuber
چکیده

Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite streams. The order is axiomatized, and it is shown to be the limit of extended rank-discounted utilitarianism for any utility function, as the discount factor approaches zero. JEL-Code: D630, D710.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Ordering infinite utility streams

We reconsider the problem of ordering infinite utility streams. As has been established in earlier contributions, if no representability condition is imposed, there exist strongly Paretian and finitely anonymous orderings of intertemporal utility streams.We examine the possibility of adding suitably formulated versions of classical equity conditions. First, we provide a characterization of all ...

متن کامل

Q-anonymous social welfare relations on infinite utility streams

This paper studies a class of social welfare relations (SWRs) on the set of infinite utility streams. In particular, we examine the SWRs satisfying Q-Anonymity, an impartiality axiom stronger than Finite Anonymity, as well as Strong Pareto and a certain equity axiom. First, we characterize the extension of the generalized Lorenz SWR by combining Q-Anonymity with Strong Pareto and Pigou-Dalton E...

متن کامل

On the leximin and utilitarian overtaking criteria with extended anonymity

This paper studies the extensions of the infinte-horizon variants of the leximin principle and utilitarianism on the set of infinite utility streams. We especially examine those extensions which satisfy the axiom of Preference-continuity (or Consistency) and the extended anonymity axiom called Q-Anonymity. We formulate new extended leximin and utilitarian social welfare relations (SWRs), called...

متن کامل

An investigation on regular relations of universal hyperalgebras

In this paper, by considering the notion of $Sigma$-hyperalgebras for an arbitrary signature $Sigma$, we study the notions of regular and strongly regular relations on a $Sigma$-hyperalgebra, $mathfrak{A}$. We show that each regular relation which contains a strongly regular relation is a strongly regular relation. Then we concentrate on the connection between the fundamental relation of $mathf...

متن کامل

Pareto Principle and Intergenerational Equity : Immedi - ate

In an important contribution to the problem of aggregating infinite utility streams, Svensson (1980) shows the existence of a social welfare relation—a reflexive, transitive and complete binary relation over all possible infinite utility streams—that accommodates the axioms of Pareto and intergenerational equity. This possibility result is in sharp contrast with the seminal contribution by Diam...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:
  • Social Choice and Welfare

دوره 41  شماره 

صفحات  -

تاریخ انتشار 2013