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

José Carlos R. Alcantud, Ram Sewak Dubey

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

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 no-impatience 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 semi-continuous (in the sup or Campbell topologies) social welfare relations satisfying the Weak Pareto axiom.

Original languageEnglish
Pages (from-to)33-40
Number of pages8
JournalMathematical Social Sciences
Volume72
DOIs
StatePublished - 1 Nov 2014

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