Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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RESOLVING DISTRIBUTIONAL CONFLICTS BETWEEN GENERATIONS


Category: Economic Theory
Growth and Inequality
Tuesday 27th August 2002, 14:30 - 16:00, Room: 4.7
Session Chair(s): Mendez Rodrigue, EUREQUA and LEMMA, FRANCE

Presenter(s): Asheim, Geir

Co-Author(s): Tungodden, Bertil

Keyword(s): Intergenerational justice, Leximin, Utilitarianism

JEL(s): D63, Q01

Abstract:

This paper describes a new approach to the problem of resolving distributional conflicts between generations. We impose conditions on the social preferences capturing the following idea: If indifference or preference holds between truncated paths for infinitely many truncating times, then indifference or preference holds also between the untruncated infinite paths. Within this framework, we show (1) how such a condition provides an improved solution to the problem of combining Strong Pareto and impartiality in an intergenerational setting, and (2) how equity conditions well-known from the finite setting can be used to characterize different versions of leximin and utilitarianism.


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Paper Reference Number: 919

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57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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