Generalized time-invariant overtaking

Geir Asheim, Daspremont Claude and Kuntal Banerjee
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Daspremont Claude: UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics
Authors registered in the RePEc Author Service: Claude d'Aspremont

No 2008039, Discussion Papers (ECON - Département des Sciences Economiques) from Université catholique de Louvain, Département des Sciences Economiques

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 D71 (search for similar items in EconPapers)
Pages: 37
Date: 2008-01-21
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Generalized time-invariant overtaking (2010)
Working Paper: Generalized time-invariant overtaking (2010)
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)
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