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Título
Ordering infinite utility streams: Efficiency, continuity, and no impatience
Autor(es)
Materia
Relaciones de bienestar social
Cadenas de utilidades infinitas
Representación por multi-utilidad
No impaciencia
Continuous social welfare relation
Infinite utility streamsm
Multi-utility representation
No impatience
Richter-Peleg representation
Clasificación UNESCO
5307.15 Teoría microeconómica
Fecha de publicación
2014-11
Citación
Alcantud, J. C. R., Dubey, R. S. (2014). Ordering infinite utility streams: Efficiency, continuity, and no impatience. Mathematical Social Sciences, 72, 33–40
Resumen
[EN]We study two related versions of the no-impatience postulate in the context of transitive and reflexive
relations on infinite utility streams which are not necessarily complete. Both are excluded by the
traditional (weak) anonymity axiom. We show explicit social welfare relations satisfying Strong Pareto
and the weaker version of no-impatience that are compatible with continuity in all the traditional
topologies in this field. However the stronger version of no-impatience is violated by all lower semicontinuous
(in the sup or Campbell topologies) social welfare relations satisfying the Weak Pareto axiom.
URI
ISSN
0165-4896
DOI
10.1016/j.mathsocsci.2014.09.004
Colecciones
- BORDA. Artículos [35]