On the impossibility of representing infinite utility streams

Juan Crespo ()
Authors registered in the RePEc Author Service: Carmelo Núñez Sanz and Juan Pablo Rincón-Zapatero

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

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.

Keywords: Intergenerational; equity; Pareto; Social; Welfare; functions; Overtaking; criterion (search for similar items in EconPapers)
Date: 2007-06
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: On the impossibility of representing infinite utility streams (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:we075530

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