Utilitarianism on infinite utility streams: summable differences and finite averages

被引：0
作者：
Adam Jonsson
Mark Voorneveld
机构：
[1] Luleå University of Technology,Department of Engineering Sciences and Mathematics
[2] Stockholm School of Economics,Department of Economics
来源：
Economic Theory Bulletin | 2015年 / 3卷 / 1期
关键词：
Intergenerational equity; Aggregating infinite utility streams; Ethical social welfare relations; D63; D70; D90;
D O I：
10.1007/s40505-014-0056-2
中图分类号：
学科分类号：
摘要：
This paper provides axiomatic descriptions of social welfare relations, defined on infinite streams of utility, that are consistent with the utilitarian criterion on subsets where maximizing aggregate utility has a clear interpretation: the streams, or their differences, are summable. Besides standard assumptions on efficiency, equity and interpersonal comparability, two axioms are introduced and shown to be necessary and sufficient. A more general version of one axiom suffices to distinguish streams with different long-run averages.
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页码：19 / 31
页数：12
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