Treading a fine line: Characterisations and impossibilities for liberal principles in infinitely-lived societies

M. Lombardi, R. Veneziani

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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 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.
Original languageEnglish
Pages (from-to)1-14
JournalThe B.E. Journal of Theoretical Economics
Issue number1
Publication statusPublished - 1 Jan 2012

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