TY - JOUR
T1 - Ordering infinite utility streams
T2 - EFFICIENCY, continuity, and no impatience
AU - Alcantud, José Carlos R.
AU - Dubey, Ram Sewak
N1 - Publisher Copyright:
© 2014 Elsevier B.V.
PY - 2014/11/1
Y1 - 2014/11/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84910630230&partnerID=8YFLogxK
U2 - 10.1016/j.mathsocsci.2014.09.004
DO - 10.1016/j.mathsocsci.2014.09.004
M3 - Article
AN - SCOPUS:84910630230
SN - 0165-4896
VL - 72
SP - 33
EP - 40
JO - Mathematical Social Sciences
JF - Mathematical Social Sciences
ER -