Do all constructive strongly monotone inter-temporal orders exhibit impatience?

Do all constructive strongly monotone inter-temporal orders exhibit impatience?

In this paper we show that if a strongly monotone inter-temporal order exhibits no preference towards the advancement of timing of future utility on any infinite utility stream, then the existence of such an order must involve some non-constructive device.

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Veröffentlicht in:Journal of mathematical economics 2014-05, Vol.52, p.66-69
Hauptverfasser: Banerjee, Kuntal, Dubey, Ram Sewak
Format: Artikel
Sprache:eng
Schlagworte:
Economic theory
Impatience condition
Mathematical economics
Non-constructive set
Non-Ramsey set
Preferences
Real-valued representation
Strong pareto
Studies
Timing issues
Utility functions
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Beschreibung
Zusammenfassung:In this paper we show that if a strongly monotone inter-temporal order exhibits no preference towards the advancement of timing of future utility on any infinite utility stream, then the existence of such an order must involve some non-constructive device.
ISSN:0304-4068
1873-1538
DOI:10.1016/j.jmateco.2014.03.009