Ordering infinite utility streams: Efficiency, continuity, and no impatience

نویسندگان

  • José Carlos Rodriguez Alcantud
  • Ram Sewak Dubey
چکیده

We study two related versions of the no-impatience postulate in the context of transitive and reflexive relations on infinite utility streams which are not necessarily complete. Both are excluded by the traditional (weak) anonymity axiom. We show explicit social welfare relations satisfying Strong Pareto and the weaker version of noimpatience that are compatible with continuity in all the traditional topologies in this field. However the stronger version of no-impatience is violated by all lower semicontinuous (in the sup or Campbell topologies) social welfare relations satisfying the Weak Pareto axiom.

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عنوان ژورنال:
  • Mathematical Social Sciences

دوره 72  شماره 

صفحات  -

تاریخ انتشار 2014