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Arguments for a Better World: Essays in Honor of Amartya SenVolume I: Ethics, Welfare, and Measurement$
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Kaushik Basu and Ravi Kanbur

Print publication date: 2008

Print ISBN-13: 9780199239115

Published to Oxford Scholarship Online: May 2009

DOI: 10.1093/acprof:oso/9780199239115.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 13 November 2019

Some Remarks on the Ranking of Infinite Utility Streams *

Some Remarks on the Ranking of Infinite Utility Streams *

Chapter:
(p.136) Chapter 8 Some Remarks on the Ranking of Infinite Utility Streams*
Source:
Arguments for a Better World: Essays in Honor of Amartya Sen
Author(s):

Bhaskar Dutta

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199239115.003.0009

This chapter first discusses some pre-orders which are the infinite horizon versions of classic utilitarianism and the leximin principles. There are two different ways in which leximin and utilitarianism have been extended to the infinite horizon context. The chapter uses some simple examples to illustrate how these different approaches compare with one another, and argues informally that one method is perhaps better than the other. Second, it shows that Separability along with a weak version of the Pareto axiom implies that any social welfare ordering of infinite utility streams must exhibit time preference over a limited class of comparisons.

Keywords:   infinite utility streams, utilitarianism, leximin, Pareto, separability, time preference

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