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Inequality averse criteria for evaluating infinite utility streams: the impossibility of Weak Pareto. (English) Zbl 1258.91054
Summary: This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou-Dalton transfer principle are incompatible with positive responsiveness to welfare improvements by every generation. The case of Hammond Equity for the Future is investigated too.

91B14 Social choice
91B16 Utility theory
Full Text: DOI
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