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dc.contributor.authorBossert, Walter
dc.contributor.authorSuzumura, Kotaro
dc.date.accessioned2008-08-07T20:13:22Z
dc.date.available2008-08-07T20:13:22Z
dc.date.issued2008-06
dc.identifier.urihttp://hdl.handle.net/1866/2529
dc.format.extent215133 bytes
dc.format.mimetypeapplication/pdf
dc.publisherUniversité de Montréal. Département de sciences économiques.fr
dc.subjectMulti-Profile Social Choiceen
dc.subjectInfinite-Horizon Intergenerational Choiceen
dc.subjectLexicographic Dictatorshipsen
dc.subjectD71en
dc.titleMulti-Profile Intergenerational Social Choiceen
dc.typeArticleen
dc.contributor.affiliationUniversité de Montréal. Faculté des arts et des sciences. Département de sciences économiques
dcterms.abstractFerejohn and Page transplanted a stationarity axiom from Koopmans’ theory of impatience into Arrow’s social choice theory with an infinite horizon and showed that the Arrow axioms and stationarity lead to a dictatorship by the first generation. We prove that the negative implications of their stationarity axiom are more far-reaching: there is no Arrow social welfare function satisfying their stationarity axiom. We propose a more suitable stationarity axiom, and show that an Arrow social welfare function satisfies this modified version if and only if it is a lexicographic dictatorship where the generations are taken into consideration in chronological order.en
dcterms.isPartOfurn:ISSN:0709-9231
dcterms.languageengen
UdeM.VersionRioxxVersion publiée / Version of Record
oaire.citationTitleCahier de recherche
oaire.citationIssue2008-08


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