This paper examines the representation and explicit description of social welfare orders on infinite utility streams. It is assumed that the social welfare orders under investigation satisfy upper asymptotic Pareto and anonymity axioms. We prove that there exists no real-valued representation of such social welfare orders. In addition, we establish that the existence of a social welfare order satisfying the anonymity and upper asymptotic Pareto axioms implies the existence of a non-Ramsey set, which is a non-constructive object. Thus, we conclude that the social welfare orders under study do not admit explicit description. (C) 2020 Elsevier B.V. All rights reserved.

On the representation and construction of equitable social welfare orders

Laguzzi G.;
2020-01-01

Abstract

This paper examines the representation and explicit description of social welfare orders on infinite utility streams. It is assumed that the social welfare orders under investigation satisfy upper asymptotic Pareto and anonymity axioms. We prove that there exists no real-valued representation of such social welfare orders. In addition, we establish that the existence of a social welfare order satisfying the anonymity and upper asymptotic Pareto axioms implies the existence of a non-Ramsey set, which is a non-constructive object. Thus, we conclude that the social welfare orders under study do not admit explicit description. (C) 2020 Elsevier B.V. All rights reserved.
File in questo prodotto:
File Dimensione Formato  
8-DubeyLaguzziRuscitti2020MSS.pdf

file disponibile agli utenti autorizzati

Licenza: Copyright dell'editore
Dimensione 326.97 kB
Formato Adobe PDF
326.97 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11579/152761
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 3
  • ???jsp.display-item.citation.isi??? 3
social impact