Abstract
When the outcome space X is a product set, the Paretian-liberal conflict depends on a special cycle of externalities. Even if the society is countably infinite, the inconsistency vanishes if the individuals can be numbered so that person I does not care about the actions of any h < i, although we assume that the liberal constraint is binding only on finite coalitions.
Original language | English (US) |
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Pages (from-to) | 375-386 |
Number of pages | 12 |
Journal | Economica |
Volume | 64 |
Issue number | 255 |
DOIs | |
State | Published - Aug 1997 |
ASJC Scopus subject areas
- Economics and Econometrics