Zuber, Stéphane; Asheim, Geir B. - In: Journal of Economic Theory 147 (2012) 4, pp. 1572-1601
The discounted utilitarian criterion for infinite horizon social choice has been criticized for treating generations unequally. We propose an extended rank-discounted utilitarian (ERDU) criterion instead. The criterion amounts to discounted utilitarianism on non-decreasing streams, but it treats...