On the impossibility of representing infinite utility streams

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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Year of publication:	2007-06
Authors:	Crespo, Juan A. ; Núñez, Carmelo ; Rincón-Zapatero, Juan Pablo
Institutions:	Departamento de Economía, Universidad Carlos III de Madrid

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Extent:	application/pdf
Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005249727