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Utilitarianism for infinite utility streams: A new welfare criterion and its axiomatic characterization [An article from: Journal of Economic Theory]
Book Details
Author(s)
K. Basu, T. Mitra
Publisher
Elsevier
ISBN / ASIN
B000PDTKG2
ISBN-13
978B000PDTKG2
Availability
Available for download now
Marketplace
United States 🇺🇸
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Description
This digital document is a journal article from Journal of Economic Theory, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
A definition of a utilitarian social welfare relation (SWR) for infinite utility streams is proposed. Such a relation is characterized in terms of the Pareto, Anonymity and Partial Unit Comparability Axioms. The merits of the utilitarian SWR, relative to the more restrictive SWR induced by the overtaking criterion, are examined.
Description:
A definition of a utilitarian social welfare relation (SWR) for infinite utility streams is proposed. Such a relation is characterized in terms of the Pareto, Anonymity and Partial Unit Comparability Axioms. The merits of the utilitarian SWR, relative to the more restrictive SWR induced by the overtaking criterion, are examined.
