Ordering infinite utility streams: Efficiency, continuity, and no impatience
[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 Stro...
| Autores: | , |
|---|---|
| Tipo de recurso: | artículo |
| Fecha de publicación: | 2014 |
| País: | España |
| Institución: | Universidad de Salamanca (USAL) |
| Repositorio: | GREDOS. Repositorio Institucional de la Universidad de Salamanca |
| OAI Identifier: | oai:gredos.usal.es:10366/127276 |
| Acceso en línea: | http://hdl.handle.net/10366/127276 |
| Access Level: | acceso embargado |
| Palabra clave: | 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 5307.15 Teoría microeconómica |
| Sumario: | [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. |
|---|