Continuity and equity with infinite horizons
In an infinite dimensional space, e.g. the set of infinite utility streams, there is no natural topology and the content of continuity is manipulable. Different desirable properties induce different topologies. We consider three properties: effectiveness. l1-summability and equity. In view of effectivity, the product topology is the most favourable one. The strict topology is the largest topology for which all the continuous linear maps are l1-summable. However, both topologies are myopic and conflict with the principle of equity. In case equity is desirable, the sup topology comes forward.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 14 (1997)
Issue (Month): 2 ()
|Note:||Received: 15 April 1993 / Accepted: 22 April 1996|
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/economic+theory/journal/355|
When requesting a correction, please mention this item's handle: RePEc:spr:sochwe:v:14:y:1997:i:2:p:345-356. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.