Equitable preference relations on infinite utility streams

Ram Sewak Dubey, Giorgio Laguzzi

Research output: Contribution to journalArticlepeer-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 languageEnglish
Article number102542
JournalJournal of Mathematical Economics
Volume97
DOIs
StatePublished - Dec 2021

Keywords

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

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