Jonsson, Adam; Voorneveld, Mark - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 19-37
that LDU meets the standard assumptions of efficiency, equity, and interpersonal comparability, but allows us to compare … more pairs of utility streams than commonly used utilitarian criteria, including the overtaking criterion and the catching …-up criterion. We also introduce a principle of compensation for postponements of utility streams and use it to characterize the LDU …