Abstract
This paper studies the nature of social welfare orders (SWO) on infinite utility streams, satisfying the efficiency principle known as monotonicity and the consequentialist equity principle known as strong equity. It provides a complete characterization of domain sets for which there exists such a SWO which is in addition representable by a real valued function. It then shows that for those domain sets for which there is no such SWO which is representable, the existence of such a SWO necessarily entails the existence of a non-Ramsey set, a non-constructive object.
Original language | English |
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Pages (from-to) | 591-602 |
Number of pages | 12 |
Journal | Social Choice and Welfare |
Volume | 43 |
Issue number | 3 |
DOIs | |
State | Published - Oct 2014 |
Keywords
- Construction
- Monotonicity
- Non-Ramsey set
- Representation
- Social welfare orders
- Strong equity