Article ID Journal Published Year Pages File Type
957188 Journal of Economic Theory 2012 11 Pages PDF
Abstract

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 by every generation. The case of Hammond Equity for the Future is investigated too.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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