Equitable intergenerational preferences on restricted domains

Research output: Contribution to journalArticle

15 Citations (Scopus)

Abstract

This paper examines the existence of equitable preferences on intergenerational consumption paths in an infinite horizon setting. There are two ethical considerations that capture the concept of intergenerational equity: inequality aversion in allocations and equality in treating generations. They are embodied in the Pigou-Dalton principle and anonymity, respectively. We investigate the existence of binary relations that satisfy these two axioms, as well as other standard axioms, such as monotonicity, transitivity, or continuity, on various domains. We show that any domain admitting such a binary relation is quite restricted: its interior is empty and contains no sustainable consumption path.

Original languageEnglish
Pages (from-to)41-54
Number of pages14
JournalSocial Choice and Welfare
Volume27
Issue number1
DOIs
Publication statusPublished - 2006 Aug
Externally publishedYes

Fingerprint

anonymity
equality
continuity
equity
Axioms
Restricted domain
Binary relation
Infinite horizon
Continuity
Sustainable consumption
Equality
Transitivity
Monotonicity
Anonymity
Intergenerational equity
Inequality aversion

ASJC Scopus subject areas

  • Economics and Econometrics
  • Social Sciences (miscellaneous)

Cite this

Equitable intergenerational preferences on restricted domains. / Sakai, Toyotaka.

In: Social Choice and Welfare, Vol. 27, No. 1, 08.2006, p. 41-54.

Research output: Contribution to journalArticle

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