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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
In this paper, we study intertemporal social welfare evaluations when agents may have heterogeneous time preferences. We first show that, even if all agents share the time preference, there exists a conflict between efficiency in the sense of Pareto principle, time consistency, and equity...
Persistent link: https://www.econbiz.de/10013222480
This paper develops an expanded framework for social planning in which the existence of coercion is explicitly acknowledged. Key issues concern the precise definition of coercion for individuals and in the aggregate, its difference from redistribution, and its incorporation into normative...
Persistent link: https://www.econbiz.de/10003791813
We study the random assignment of indivisible objects among a set of agents with strict preferences. We show that there exists no mechanism which is unanimous, strategy-proof and envy-free. Weakening the first requirement to q-unanimity – i.e., when every agent ranks a different object at the...
Persistent link: https://www.econbiz.de/10013191476
The problem of social choice is studied on a domain with countably many individuals. In contrast to most of the existing literature which establish either non-constructive possibilities or approximate (i.e. invisible) dictators, we show that if one adds a continuity property to the usual set of...
Persistent link: https://www.econbiz.de/10011967421
We say that a social choice function is sensitive to collective change if whenever all inputs change, the outcome necessarily changes. Then, we prove that a social choice function is sensitive to collective change if and only if it is dictatorial. This provides a new interpretation of the...
Persistent link: https://www.econbiz.de/10014130453
In this article, the kinds of utility comparisons that can be made may differ in distinct population subgroups. Within each subgroup,utility is either ordinally or cardinally measurable. Levels and differences of utility may or may not be interpersonally comparable within a subgrouputility is...
Persistent link: https://www.econbiz.de/10014149357