BOSSERT, Walter; SPRUMONT, Yves; SUZUMURA, Kotaro - Centre Interuniversitaire de Recherche en Économie … - 2004
This paper revisits Diamond’s classical impossibility result regarding the ordering of infinite utility streams. We show that if no representability condition is imposed, there do exist strongly Paretian and finitely anonymous orderings of intertemporal utility streams with attractive...