Erschienen in:CESifo Working Paper Series ; No. 3578
Umfang:
1 Online-Ressource (20 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1931498
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 21, 2011 erstellt
Beschreibung:
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