On the Impossibility of Representing Infinite Utility Streams

  1. Crespo Fernández, Juan A.
  2. Núñez Sanz, Carmelo
  3. Rincón Zapatero, Juan Pablo
Revista:
Documentos de trabajo. Economic series ( Universidad Carlos III. Departamento de Economía )

Any de publicació: 2007

Número: 55

Tipus: Document de treball

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Resum

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.

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