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Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto

Alcantud, José Carlos R. - Volkswirtschaftliche Fakultät, … - 2010

This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou-Dalton transfer principle are incompatible with positive responsiveness to welfare improvements...

Persistent link: https://www.econbiz.de/10008765931

On the legitimacy of citizen participation in pollution permits markets: economic efficiency and ethical concerns (In French)

FERRARI, Sylvie; MEKNI, Mohammed Mehdi; PETIT, Emmanuel; … - Groupe de Recherche en Économie Théorique et … - 2010

The idea of regulating pollutions by means of tradable emission permits on a competitive market was developed for the first time by Dales in 1968. The question of the citizens’ participation on these markets received little attention in the economic literature. However, people are allowed to...

Persistent link: https://www.econbiz.de/10008592458

Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto

Alcantud, José Carlos R. - In: Journal of Economic Theory 147 (2012) 1, pp. 353-363

This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou–Dalton transfer principle are incompatible with positive responsiveness to welfare...

Persistent link: https://www.econbiz.de/10010582588

Intergenerational egalitarianism

Piacquadio, Paolo G. - In: Journal of Economic Theory 153 (2014) C, pp. 117-127

I study the egalitarian way of distributing resources across generations. Distributional equity deeply conflicts with the Pareto principle: efficient allocations cannot guarantee that i) each generation be assigned a consumption bundle that is at least as large as an arbitrarily small fraction...

Persistent link: https://www.econbiz.de/10011042974

Fair Intergenerational Utilitarianism: Risk, its Resolution over Time, and Discounting

Piacquadio, Paolo Giovanni - CESifo - 2014

The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...

Persistent link: https://www.econbiz.de/10011103396

Intergenerational Ethics under Resource Constraints

Asheim, Geir B. - In: Swiss Journal of Economics and Statistics (SJES) 141 (2005) III, pp. 313-330

hand, discounted utilitarianism was given a solid axiomatic foundation by Koopmans (Econometrica 1960). On the other hand …

Persistent link: https://www.econbiz.de/10005427533

Intergenerational egalitarianism

Piacquadio, Paolo Giovanni - 2014 - This version December 28, 2013

Persistent link: https://www.econbiz.de/10010242092

The ethics of intergenerational risk

Piacquadio, Paolo G. - 2015 - This version August 7, 2015

criteria avoids serious drawbacks of existing alternatives, such as discounted expected utilitarianism. Specifically, the …

Persistent link: https://www.econbiz.de/10011333646

Infinite population utilitarian criteria

Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022

how a novel criterion, Strongly Anonymous Utilitarianism, can be characterized by combining Strong Anonymity with other …

Persistent link: https://www.econbiz.de/10012817908

Foundations of utilitarianism under risk and variable population

Spears, Dean; Zuber, Stéphane - 2021

Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic ….'s (1998) Expected Critical-Level Generalized Utilitarianism (ECLGU) is equivalent to a new axiom holding that it is better to … novel characterizations extend classic axiomatizations of utilitarianism from settings with either social risk or variable …

Persistent link: https://www.econbiz.de/10012583668