Combining monotonicity and strong equity: Construction and representation of orders on infinite utility streams

Ram Sewak Dubey, Tapan Mitra

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

This paper studies the nature of social welfare orders (SWO) on infinite utility streams, satisfying the efficiency principle known as monotonicity and the consequentialist equity principle known as strong equity. It provides a complete characterization of domain sets for which there exists such a SWO which is in addition representable by a real valued function. It then shows that for those domain sets for which there is no such SWO which is representable, the existence of such a SWO necessarily entails the existence of a non-Ramsey set, a non-constructive object.

Original languageEnglish
Pages (from-to)591-602
Number of pages12
JournalSocial Choice and Welfare
Volume43
Issue number3
DOIs
StatePublished - Jan 1 2014

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All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Social Sciences (miscellaneous)

Keywords

  • Construction
  • Monotonicity
  • Non-Ramsey set
  • Representation
  • Social welfare orders
  • Strong equity

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