Archivo Abierto Institucional de la Universidad Carlos III de Madrid: On the impossibility of representing infinite utility streams

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Archivo Abierto Institucional de la Universidad Carlos III de Madrid > Investigación > Departamentos > Departamento de Economía > DE - Working Papers. Economics. WE >

Please use this identifier to cite or link to this item: http://hdl.handle.net/10016/855

Google™ Scholar. Others By: Crespo, Juan A. - Núñez, Carmelo - Rincón-Zapatero, Juan Pablo

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-- 2007-06-27 -- Available on Internet -- preprint

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Title:	On the impossibility of representing infinite utility streams
Author(s):	Crespo, Juan A. Núñez, Carmelo [cnunez] Rincón-Zapatero, Juan Pablo [jrincon]
Publisher:	Universidad Carlos III de Madrid. Departamento de Economía
Issued date:	Jun-2007
URI:	http://hdl.handle.net/10016/855
Abstract:	We show that, independently of the topology chosen on the set of all infinity utility streams, there is no Social Welfare Function preserving the von Weizsäcker’s overtaking criterion. With our proof we extend the impossibility result of Basu and Mitra.
Serie / Nº.:	UC3M Working papers. Economics 07-30
Other version:	http://hdl.handle.net/10016/5477
Keywords:	Intergenerational equity Pareto Social Welfare functions Overtaking criterion
Appears in Collections:	DE - Working Papers. Economics. WE Economists Online

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