首页 | 本学科首页   官方微博 | 高级检索  
     


On equitable social welfare functions satisfying the Weak Pareto Axiom: A complete characterization
Authors:Ram Sewak Dubey  Tapan Mitra
Affiliation:1. Department of Economics, Cornell University, Ithaca, USA.;2. Department of Economics, Cornell University, Ithaca, USA. Email: tm19@cornell.edu
Abstract:The present paper examines the problem of aggregating infinite utility streams with a social welfare function that respects the Anonymity and Weak Pareto Axioms. The paper provides a complete characterization of domains (of the one period utilities) on which such an aggregation is possible. A social welfare function satisfying the Anonymity and Weak Pareto Axioms exists on precisely those domains that do not contain any set of the order type of the set of positive and negative integers. The criterion is applied to decide on possibility and impossibility results for a variety of domains. It is also used to provide an alternative formulation of the characterization result in terms of the accumulation points of the domain.
Keywords:anonymity axiom  Weak Pareto Axiom  social welfare function  domain restrictions  order types  accumulation points  D60  D70  D90
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号