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This paper studies the nature of social welfare orders on infinite utility streams, satisfying the efficiency principle known as Monotonicity and the consequentialist equity principle known as Strong Equity. It provides a complete characterization of domain sets for which there exists such a...
Persistent link: https://www.econbiz.de/10013062883
We study two related versions of the no-impatience postulate in the context of transitive and reflexive relations on infinite utility streams which are not necessarily complete. Both are excluded by the traditional (weak) anonymity axiom. We show explicit social welfare relations satisfying...
Persistent link: https://www.econbiz.de/10013057648
This paper studies the nature of social welfare orders on infinite utility streams, satisfying the consequentialist equity principles known as Hammond Equity and Pigou-Dalton transfer principle. The first result shows that every social welfare order satisfying Hammond Equity and the Strong...
Persistent link: https://www.econbiz.de/10013063194
Persistent link: https://www.econbiz.de/10003546710
Persistent link: https://www.econbiz.de/10010500911
An anonymous social choice function for a large atomless population maps cross-section distributions of preferences into outcomes. Because any one individual is too insignificant to affect these distributions, every anonymous social choice function is individually strategy- proof. However, not...
Persistent link: https://www.econbiz.de/10012657862
Arrow's Impossibility Theorem is commonly understood to invoke a dictatorship that is somehow lurking within our voting arrangements. A well-recognized statement of the theorem is that "any constitution that respects transitivity, independence of irrelevant alternatives and unanimity is a...
Persistent link: https://www.econbiz.de/10011668158
emerging social choice theory -, two conflicting ways of dealing with mathematical tools in welfare economics and, above all …
Persistent link: https://www.econbiz.de/10011610213
In this paper we show that if the Pareto relation is acyclic then the set of all Pareto optimal social states coincides with chosen social states of acyclic Paretian social welfare relations. Subsequently we show that given an acyclic Paretian social welfare relations the set of all social...
Persistent link: https://www.econbiz.de/10014210322
This paper develops an expanded framework for social planning in which coercion stemming from the provision of public goods is explicitly acknowledged. Key issues concern the precise definition of coercion, its difference from redistribution, and its incorporation into social welfare...
Persistent link: https://www.econbiz.de/10014052172