Generalized time-invariant overtaking

Asheim, Geir B.; d'Aspremont-Lynden, Claude; Banerjee, Kuntal

doi:10.1016/j.jmateco.2010.03.005

Generalized time-invariant overtaking

Asheim, Geir B.

;

d'Aspremont-Lynden, Claude

;

Banerjee, Kuntal

(2010) Journal of Mathematical Economics — Vol. 46, n° 4, p. 519-533 (2010)

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Authors

Asheim, Geir B.University of Oslo
Author
d'Aspremont-Lynden, ClaudeUCLouvain
Author
Banerjee, KuntalFlorida Atlantic University
Author

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

Affiliations

University of OsloDepartment of Economics
UCLouvainEUEN/CORE - Center for operations research and econometrics
Florida Atlantic UniversityDepartment of Economics
UCLouvainSSH/IMAQ - Institut multidisciplinaire pour la modélisation et l'analyse quantitative

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Asheim, G. B., d’Aspremont-Lynden, C., & Banerjee, K. (2010). Generalized time-invariant overtaking. Journal of Mathematical Economics, 46(4), 519-533. https://doi.org/10.1016/j.jmateco.2010.03.005 (Original work published 2010)