Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52437
Authors: 
Asheim, Geir B.
Zuber, Stéphane
Year of Publication: 
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

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