Equitable preference relations on infinite utility streams

Ram Sewak Dubey; Giorgio Laguzzi

doi:10.1016/j.jmateco.2021.102542

Equitable preference relations on infinite utility streams

Ram Sewak Dubey, Giorgio Laguzzi

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

We propose generalized versions of strong equity and Pigou–Dalton transfer principle. We study the existence and the real-valued representation of social welfare relations satisfying these two generalized equity principles. Our results characterize the restrictions on one period utility domains for the equitable social welfare relations (i) to exist; and (ii) to admit real-valued representations.

Original language	English
Article number	102542
Journal	Journal of Mathematical Economics
DOIs	https://doi.org/10.1016/j.jmateco.2021.102542
State	Accepted/In press - 2021

Keywords

Anonymity
Generalized equity
Generalized Pigou–Dalton transfer principle
Social welfare function
Social welfare relation

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10.1016/j.jmateco.2021.102542

Cite this

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title = "Equitable preference relations on infinite utility streams",

abstract = "We propose generalized versions of strong equity and Pigou–Dalton transfer principle. We study the existence and the real-valued representation of social welfare relations satisfying these two generalized equity principles. Our results characterize the restrictions on one period utility domains for the equitable social welfare relations (i) to exist; and (ii) to admit real-valued representations.",

keywords = "Anonymity, Generalized equity, Generalized Pigou–Dalton transfer principle, Social welfare function, Social welfare relation",

author = "Dubey, {Ram Sewak} and Giorgio Laguzzi",

note = "Publisher Copyright: {\textcopyright} 2021 Elsevier B.V.",

year = "2021",

doi = "10.1016/j.jmateco.2021.102542",

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journal = "Journal of Mathematical Economics",

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AU - Dubey, Ram Sewak

AU - Laguzzi, Giorgio

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AB - We propose generalized versions of strong equity and Pigou–Dalton transfer principle. We study the existence and the real-valued representation of social welfare relations satisfying these two generalized equity principles. Our results characterize the restrictions on one period utility domains for the equitable social welfare relations (i) to exist; and (ii) to admit real-valued representations.

KW - Anonymity

KW - Generalized equity

KW - Generalized Pigou–Dalton transfer principle

KW - Social welfare function

KW - Social welfare relation

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U2 - 10.1016/j.jmateco.2021.102542

DO - 10.1016/j.jmateco.2021.102542

M3 - Article

AN - SCOPUS:85110706275

SN - 0304-4068

JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

M1 - 102542

ER -

Equitable preference relations on infinite utility streams

Abstract

Keywords

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