Impatience for Weakly Paretian Orders: Existence and Genericity
AbstractWe 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 in the sense that there are uncountably many impatient points. A general statement about genericity of impatience cannot be made for representable, weakly Paretian orders. This is shown by means of an example. If we assume a stronger sensitivity condition, then genericity obtains.
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Bibliographic InfoPaper provided by Department of Economics, Colgate University in its series Working Papers with number 2011-03.
Date of creation: Aug 2011
Date of revision:
Impatience Condition; Weak Pareto; Sensitivity Conditions; Genericity; Order Types; Uncountable Sets;
Find related papers by JEL classification:
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- D90 - Microeconomics - - Intertemporal Choice and Growth - - - General
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