Intergenerational preferences and sensitivity to the present

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

This paper discusses the existence of binary relations on the set of intergenerational welfare paths in an infinite horizon setting. We show that any binary relation that satisfies anonymity and sup norm continuity is not sensitive to changes in welfare levels of the present generations. This result generalizes the impossibility theorems by Diamond [Econometrica 33 (1965) 170-177] and Sakai [Social Choice and Welfare, 16 (2003) 176-167].

Original languageEnglish
JournalEconomics Bulletin
Volume4
Issue number1
Publication statusPublished - 2003
Externally publishedYes

Fingerprint

Binary relation
Social choice
Diamond
Social welfare
Anonymity
Impossibility theorem
Continuity
Infinite horizon

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Intergenerational preferences and sensitivity to the present. / Sakai, Toyotaka.

In: Economics Bulletin, Vol. 4, No. 1, 2003.

Research output: Contribution to journalArticle

@article{a16f66f15f0b4239a5e47cf3e0ea071f,
title = "Intergenerational preferences and sensitivity to the present",
abstract = "This paper discusses the existence of binary relations on the set of intergenerational welfare paths in an infinite horizon setting. We show that any binary relation that satisfies anonymity and sup norm continuity is not sensitive to changes in welfare levels of the present generations. This result generalizes the impossibility theorems by Diamond [Econometrica 33 (1965) 170-177] and Sakai [Social Choice and Welfare, 16 (2003) 176-167].",
author = "Toyotaka Sakai",
year = "2003",
language = "English",
volume = "4",
journal = "Economics Bulletin",
issn = "1545-2921",
publisher = "Economics Bulletin",
number = "1",

}

TY - JOUR

T1 - Intergenerational preferences and sensitivity to the present

AU - Sakai, Toyotaka

PY - 2003

Y1 - 2003

N2 - This paper discusses the existence of binary relations on the set of intergenerational welfare paths in an infinite horizon setting. We show that any binary relation that satisfies anonymity and sup norm continuity is not sensitive to changes in welfare levels of the present generations. This result generalizes the impossibility theorems by Diamond [Econometrica 33 (1965) 170-177] and Sakai [Social Choice and Welfare, 16 (2003) 176-167].

AB - This paper discusses the existence of binary relations on the set of intergenerational welfare paths in an infinite horizon setting. We show that any binary relation that satisfies anonymity and sup norm continuity is not sensitive to changes in welfare levels of the present generations. This result generalizes the impossibility theorems by Diamond [Econometrica 33 (1965) 170-177] and Sakai [Social Choice and Welfare, 16 (2003) 176-167].

UR - http://www.scopus.com/inward/record.url?scp=33947631899&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=33947631899&partnerID=8YFLogxK

M3 - Article

AN - SCOPUS:33947631899

VL - 4

JO - Economics Bulletin

JF - Economics Bulletin

SN - 1545-2921

IS - 1

ER -