Utilitarianism for infinite utility streams: A new welfare criterion and its axiomatic characterization
نویسندگان
چکیده
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. © 2006 Elsevier Inc. All rights reserved. JEL classification: D60; D70; D90
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 133 شماره
صفحات -
تاریخ انتشار 2007