On social welfare orders satisfying anonymity and asymptotic density-one Pareto
Dubey, Ram Sewak Laguzzi, Giorgio Ruscitti, Francesco
Dubey, Ram Sewak
Laguzzi, Giorgio
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Abstract
We study the nature (constructive versus non-constructive) and the issue of real-valued representability of social welfare orders, on the set of infinite utility streams, satisfying the anonymity and asymptotic density-one Pareto axioms. We characterize the existence of representable and constructive social welfare orders (fulfilling the aforementioned axioms) in terms of easily verifiable conditions on the feasible set of one-period utilities, denoted by YCR : a social welfare order satisfying anonymity and asymptotic density-one Pareto is representable and admits explicit description if and only if contains finitely many elements.
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2021
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Social welfare, Welfare economics
Citation
Dubey, Ram Sewak, Giorgio Laguzzi, and Francesco Ruscitti. “On Social Welfare Orders Satisfying Anonymity and Asymptotic Density-One Pareto.” Mathematical Social Sciences 111 (May): 26–33. 2021.