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 |
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Article number | 102542 |
Journal | Journal of Mathematical Economics |
Volume | 97 |
DOIs | |
State | Published - Dec 2021 |
Keywords
- Anonymity
- Generalized Pigou–Dalton transfer principle
- Generalized equity
- Social welfare function
- Social welfare relation