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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/52437
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| Title: | | A complete and strongly anonymous leximin relation on infinite streams  |
| Authors: | | Asheim, Geir B. Zuber, Stéphane |
| Issue Date: | | 2011 |
| Series/Report no.: | | CESifo working paper: Public Choice 3578 |
| Abstract: | | Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite streams. The order is axiomatized, and it is shown to be the limit of extended rank-discounted utilitarianism for any utility function, as the discount factor approaches zero. |
| Subjects: | | intergenerational equity lexicographic maximin |
| JEL: | | D63 D71 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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