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Resolving distributional conflicts between generations

Asheim, Geir B.; Tungodden, Bertil
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http://hdl.handle.net/11250/162942
Issue date
2002-05
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  • Discussion papers (SAM) [506]
Abstract
We describe a new approach to the problem of resolving

distributional conflicts between an infinite and countable number of generations.

We impose conditions on the social preferences that capture

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. In this framework

we show (1) how such conditions illustrate 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.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2002:11

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