Geir B. Asheim (),
d’Aspremont, Claude () and
Kuntal Banerjee ()
Additional contact information d’Aspremont, Claude: CORE, Universit´e catholique de Louvain, Belgium
Kuntal Banerjee: Department of Economics, College of Business, Florida Atlantic University
Authors registered in the RePEc Author Service: Claude d'Aspremont ()
We present a new version of the overtaking criterion, which we call generalized time-invariant overtaking. The generalized time-invariant overtaking criterion (on the space of infinite utility streams) is defined by extending proliferating sequences of complete and transitive binary relations defined on finite dimensional spaces. The paper presents a general approach that can be specialized to at least two, extensively researched examples, the utilitarian and the leximin orderings on a finite dimensional Euclidean space.