福利关系渐近性质

Asymptotic properties of welfare relations

Economic Theory · 2018
被引 15
人大 A-ABS 3

中文导读

研究了无限效用流聚合中的效率概念,提出若一个效用流在渐近密度上占优则社会更偏好它,并探讨了该效率公理与公平概念的一致性。

Abstract

We introduce and discuss notions of efficiency in the aggregation of infinite utility streams. For any utility streams x and y, our efficiency criteria roughly require this: If a utility stream x dominates another utility stream y and if the asymptotic density of the set of coordinates in favor of x is strictly positive, then x is socially preferred to y. As a robustness check of the proposed efficiency axioms we explore the consistency of the axioms with notions of equity. Our main results characterize one period utility domains, i.e., the set of utilities Y attainable by each generation, admitting a social welfare aggregator with the desired properties.

无限效用流效率准则渐近密度社会福利加总