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The Evaluation of Infinite Utility Streams
Peter A. Diamond
Vol. 33, No. 1 (Jan., 1965), pp. 170-177
Published by: The Econometric Society
Stable URL: http://www.jstor.org/stable/1911893
Page Count: 8
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The impatience implications of several axiom sets assumed for preferences over an infinite future are explored. Sufficient conditions for the existence of a continuous utility function are presented. This analysis is done both for the product topology and the metric function equating the distance between two infinite streams to the maximal one-period difference between them.
Econometrica © 1965 The Econometric Society