Abstract
In an infinite-horizon setting, Ferejohn and Page showed that any social welfare function satisfying Arrow’s axioms and stationarity must be a dictatorship of the first generation. Packel strengthened this result by proving that no collective choice rule generating complete social preferences can satisfy unlimited domain, weak Pareto and stationarity. We prove that this impossibility survives under a domain restriction and without completeness. We propose an alternative stationarity axiom and show that a social welfare function on a specific domain satisfies this modified version and some standard social choice axioms if and only if it is a chronological dictatorship.
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The paper was presented at the University of British Columbia, the University of California at Riverside, the International Symposium on Choice, Rationality and Intergenerational Equity in Tokyo, CORE, the Universidad Pablo de Olavide, the Workshop on Social Choice and Poverty in Siena, the Toulouse Conference on Environmental and Resource Economics and the CEPET Workshop in Honor of Nick Baigent in Udine.
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Bossert, W., Suzumura, K. Multi-profile intergenerational social choice. Soc Choice Welf 37, 493–509 (2011). https://doi.org/10.1007/s00355-010-0501-6
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DOI: https://doi.org/10.1007/s00355-010-0501-6