Lombardi, M. and Veneziani, R. (2012) Treading a fine line: characterizations and impossibilities for liberal principles in infinitely-lived societies. B.E. Journal of Theoretical Economics, 12(1), pp. 1-16. (doi: 10.1515/1935-1704.1899)
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Abstract
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 does not explicitly incorporate any preference for inequality, nor does it assign priority to well-off members of society. 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: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Lombardi, Dr Michele |
| Authors: | Lombardi, M., and Veneziani, R. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | B.E. Journal of Theoretical Economics |
| Publisher: | De Gruyter |
| ISSN: | 1935-1704 |
| ISSN (Online): | 1935-1704 |
| Published Online: | 21 July 2012 |
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