Generalized time-invariant overtaking

Geir B. Asheim (), Claude d'Aspremont () and Banerjee Kuntal

No 394, PIE/CIS Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: 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.

Keywords: Intergenerational justice; Utilitarianism; Leximin (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: 2008-08
Note: June 28, 2008
View citations in EconPapers

Downloads: (external link)
http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/15917/1/pie_dp394.pdf (application/pdf)

Related works:
Working Paper: Generalized time-invariant overtaking (2008)
Working Paper: Generalized time-invariant overtaking (2008)
Working Paper: Generalized time-invariant overtaking (2008)
Working Paper: Generalized time-invariant overtaking (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:hit:piecis:394

Access Statistics for this paper

More papers in PIE/CIS Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University
Contact information at EDIRC.
Series data maintained by Koji OHTAGAKI ().