Title of article :
On the equity-efficiency trade off in aggregating infinite utility streams
Author/Authors :
Kuntal Banerjee، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
We compare two different approaches to aggregating infinite utility streams, following some principles of equity and efficiency. We find that the consequentialist equity axiom, Hammond Equity for the Future, is more demanding than its procedural equity counterpart, Anonymity.
Keywords :
Weak Dominance axiom , Strong Pareto axiom , Hammond Equity for the Future , Social welfare function
Journal title :
Economics Letters
Journal title :
Economics Letters