Generalized time-invariant overtaking
Abstract
We present a new version of the overtaking criterion, which we call generalized time-invariant overtaking. The generalized time-invariant overtaking criterion (on the space of infinite utility streams) is defined by extending proliferating sequences of complete and transitive binary relations defined on finite dimensional spaces. The paper presents a general approach that can be specialized to at least two, extensively researched examples, the utilitarian and the leximin orderings on a finite dimensional Euclidean space.Download Info
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Paper provided by Department of Economics, College of Business, Florida Atlantic University in its series Working Papers with number 08004.Length: 33 pages
Date of creation: Oct 2008
Date of revision:
Handle: RePEc:fal:wpaper:08004
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Related research
Keywords: Intergenerational justice; Utilitarianism; Leximin;Other versions of this item:
- Asheim, Geir B. & d'Aspremont, Claude & Banerjee, Kuntal, 2010. "Generalized time-invariant overtaking," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 519-533, July.
- Geir B, ASHEIM & Claude, D’ASPREMONT & Kuntal, BANERJEE, 2008. "Generalized time-invariant overtaking," Discussion Papers (ECON - Département des Sciences Economiques) 2008044, Université catholique de Louvain, Département des Sciences Economiques.
- Geir B. , ASHEIM & Claude, DASPREMONT & Kuntal, BANERJEE, 2008. "Generalized time-invariant overtaking," Discussion Papers (ECON - Département des Sciences Economiques) 2008039, Université catholique de Louvain, Département des Sciences Economiques.
- ASHEIM, Geir B. & d’ASPREMONT, Claude & BANERJEE, Kuntal, 2008. "Generalized time-invariant overtaking," CORE Discussion Papers 2008065, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Asheim, Geir B. & d'Aspremont, Claude & Banerjee, Kuntal, 2008. "Generalized time-invariant overtaking," PIE/CIS Discussion Paper 394, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-05 (All new papers)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Lauwers, Luc, 2010.
"Intergenerational equity, efficiency, and constructibility,"
Open Access publications from Katholieke Universiteit Leuven
urn:hdl:123456789/274546, Katholieke Universiteit Leuven.
- Luc Lauwers, 2012. "Intergenerational equity, efficiency, and constructibility," Economic Theory, Springer, vol. 49(2), pages 227-242, February.
- Luc LAUWERS, 2010. "Intergenerational equity, efficiency and constructability," Center for Economic Studies - Discussion papers ces10.22, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- Geir B. Asheim & Stéphane Zuber, 2011. "A Complete and Strongly Anonymous Leximin Relation on Infinite Streams," CESifo Working Paper Series 3578, CESifo Group Munich.
- Geir B. Asheim & Kuntal Banerjee, 2010.
"Fixed-step anonymous overtaking and catching-up,"
International Journal of Economic Theory,
The International Society for Economic Theory, vol. 6(1), pages 149-165.
- Geir B. Asheim & Kuntal Banerjee, 2009. "Fixed-step anonymous overtaking and catching-up," Working Papers 09001, Department of Economics, College of Business, Florida Atlantic University.
- Sakai, Toyotaka, 2008.
"Intergenerational equity and an explicit construction of welfare criteria,"
PIE/CIS Discussion Paper
395, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Toyotaka Sakai, 2010. "Intergenerational equity and an explicit construction of welfare criteria," Social Choice and Welfare, Springer, vol. 35(3), pages 393-414, September.
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