Kama, Alain Ayong Le; Van, Cuong Le; Schubert, Katheline - Development and Policies Research Center (Depocen) - 2008
There are two main approaches for defining social welfare relations for an economy with infinite horizon. The first one is to consider the set of intertemporal utility streams generated by a general set of bounded consumptions, and define a preference relation between them. This relation is...
