Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957412 | Journal of Economic Theory | 2007 | 24 Pages |
Abstract
A definition of a utilitarian social welfare relation (SWR) for infinite utility streams is proposed. Such a relation is characterized in terms of the Pareto, Anonymity and Partial Unit Comparability Axioms. The merits of the utilitarian SWR, relative to the more restrictive SWR induced by the overtaking criterion, are examined.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kaushik Basu, Tapan Mitra,