an:06012126
Zbl 1258.91054
Alcantud, Jos?? Carlos R.
Inequality averse criteria for evaluating infinite utility streams: the impossibility of Weak Pareto
EN
J. Econ. Theory 147, No. 1, 353-363 (2012).
00294799
2012
j
91B14 91B16
social welfare function; equity; inequality aversion; Pareto axiom; intergenerational justice
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.