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On the equity-efficiency trade off in aggregating infinite utility streams. (English) Zbl 1254.91134
Summary: We compare two different approaches to aggregating infinite utility streams, following some principles of equity and efficiency. We find that the consequentialist equity axiom, Hammond Equity for the Future, is more demanding than its procedural equity counterpart, Anonymity.

MSC:
91B14 Social choice
91B16 Utility theory
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