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. (C) 2021 Elsevier B.V. All rights reserved.
Equitable preference relations on infinite utility streams
Laguzzi G.
2021-01-01
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. (C) 2021 Elsevier B.V. All rights reserved.File in questo prodotto:
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