Crespo, Juan A.; Núñez, Carmelo; Rincón-Zapatero, … - Departamento de Economía, Universidad Carlos III de Madrid - 2007
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.