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Equitable preference relations on infinite utility streams

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  • Dubey, Ram Sewak
  • Laguzzi, Giorgio
Abstract
We propose generalized versions of strong equity and Pigou–Dalton transfer principle. We study the existence and the real-valued representation of social welfare relations satisfying these two generalized equity principles. Our results characterize the restrictions on one period utility domains for the equitable social welfare relations (i) to exist; and (ii) to admit real-valued representations.

Suggested Citation

  • Dubey, Ram Sewak & Laguzzi, Giorgio, 2021. "Equitable preference relations on infinite utility streams," Journal of Mathematical Economics, Elsevier, vol. 97(C).
    • Handle: RePEc:eee:mateco:v:97:y:2021:i:c:s0304406821001051
    DOI: 10.1016/j.jmateco.2021.102542
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    2. Alcantud, José Carlos R., 2012. "Inequality averse criteria for evaluating infinite utility streams: The impossibility of Weak Pareto," Journal of Economic Theory, Elsevier, vol. 147(1), pages 353-363.
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