Title
On Equitable Social Welfare Functions Satisfying the Weak Pareto Axioma Complete Characterization
Document Type
Article
Publication Date
9-1-2011
Journal / Book Title
International Journal of Economic Theory
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 typeof 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.
DOI
10.1111/j.1742-7363.2011.00161.x
MSU Digital Commons Citation
Dubey, Ram and Mitra, Tapan, "On Equitable Social Welfare Functions Satisfying the Weak Pareto Axioma Complete Characterization" (2011). Department of Economics Faculty Scholarship and Creative Works. 46.
https://digitalcommons.montclair.edu/economics-facpubs/46
Published Citation
Dubey, R. S., & Mitra, T. (2011). On equitable social welfare functions satisfying the weak Pareto axiom: a complete characterization. International Journal of Economic Theory, 7(3), 231-250.