Download This PaperA Complete and Strongly Anonymous Leximin Relation on Infinite Streams
20 Pages Posted: 21 Sep 2011
Date Written: September 21, 2011
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.
Keywords: intergenerational equity, lexicographic maximin
JEL Classification: D630, D710
Suggested Citation: Suggested Citation
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