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We study order theoretic and topological implications for impatience of weakly Paretian, representable orders on infinite utility streams. As a departure from the traditional literature, we do not make any continuity assumptions in proving the existence of impatient points. Impatience is robust...
Persistent link: https://www.econbiz.de/10010662575
In this paper we show that if a strongly monotone inter-temporal order exhibits no preference towards the advancement of timing of future utility on any infinite utility stream, then the existence of such an order must involve some non-constructive device.
Persistent link: https://www.econbiz.de/10010785391
A set of sufficient conditions for representability of preference orders on real sequence spaces is analyzed. In particular, monotonicity and continuity of the order is not assumed. Two applications are worked out to demonstrate how such a result might be useful. Copyright Springer-Verlag Berlin...
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We study order theoretic and topological implications for impatience of weakly Paretian, representable orders on infinite utility streams. As a departure from the traditional literature, we do not make any continuity assumptions in proving the existence of impatient points. Impatience is robust...
Persistent link: https://www.econbiz.de/10009327810
Persistent link: https://www.econbiz.de/10007896785
Persistent link: https://www.econbiz.de/10007721812
We investigate criteria for evaluating infinite utility streams that satisfy Fixed-step anonymity and includes some notion of overtaking or catching-up. We do so in a generalized setting which do not require us to specify the underlying finite-dimensional criterion (e.g., utilitarianism or...
Persistent link: https://www.econbiz.de/10005837595