IDEAS home Printed from https://ideas.repec.org/p/cgt/wpaper/2011-03.html
   My bibliography  Save this paper

Impatience for Weakly Paretian Orders: Existence and Genericity

Author

Abstract

We 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.

Suggested Citation

  • Banerjee, Kuntal & Dubey, Ram, 2011. "Impatience for Weakly Paretian Orders: Existence and Genericity," Working Papers 2011-03, Department of Economics, Colgate University.
  • Handle: RePEc:cgt:wpaper:2011-03
    as

    Download full text from publisher

    File URL: http://commons.colgate.edu/cgi/viewcontent.cgi?article=1018&context=econ_facschol
    Download Restriction: no

    References listed on IDEAS

    as
    1. Brown, Donald J & Lewis, Lucinda M, 1981. "Myopic Economic Agents," Econometrica, Econometric Society, vol. 49(2), pages 359-368, March.
    2. Ok, Efe A. & Benoît, Jean-Pierre, 2007. "Delay aversion," Theoretical Economics, Econometric Society, vol. 2(1), pages 71-113, March.
    3. Banerjee, Kuntal & Mitra, Tapan, 2007. "On the impatience implications of Paretian social welfare functions," Journal of Mathematical Economics, Elsevier, vol. 43(3-4), pages 236-248, April.
    4. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
    5. Juan Crespo & Carmelo Nuñez & Juan Rincón-Zapatero, 2009. "On the impossibility of representing infinite utility streams," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(1), pages 47-56, July.
    6. Svensson, Lars-Gunnar, 1980. "Equity among Generations," Econometrica, Econometric Society, vol. 48(5), pages 1251-1256, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jonsson, Adam & Voorneveld, Mark, 2018. "The limit of discounted utilitarianism," Theoretical Economics, Econometric Society, vol. 13(1), January.

    More about this item

    Keywords

    Impatience Condition; Weak Pareto; Sensitivity Conditions; Genericity; Order Types; Uncountable Sets;

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cgt:wpaper:2011-03. 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: (Chad Sparber). General contact details of provider: http://edirc.repec.org/data/declgus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.