Treading a Fine Line: Characterisations and Impossibilities for Liberal Principles in Infinitely-Lived Societies
Lombardi, M and Roberto Veneziani, (2009) Treading a Fine Line: Characterisations and Impossibilities for Liberal Principles in Infinitely-Lived Societies Working Paper.
liberal_principles_13-Jan-2012.pdf - Accepted Version
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This paper extends the analysis of liberal principles in social choice recently proposed by Mariotti and Veneziani (2009a) to infinitely-lived societies. First, some novel characterisations of inegalitarian leximax social welfare relations are derived based on the Individual Benefit Principle (IBP), which incorporates a liberal, non-interfering view of society. This is surprising because the IBP has no obvious inegalitarian content. Second, some impossibility results are derived that highlight a general tension between standard fairness and efficiency axioms in social choice, and a liberal Principle of Non-Interference that generalises IBP.
|Item Type:||Monograph (Working Paper)|
|Divisions:||Faculty of Business, Economics and Law > Economics|
|Depositing User:||Symplectic Elements|
|Date Deposited:||13 Jun 2012 11:19|
|Last Modified:||23 Sep 2013 19:22|
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