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Persistent link: https://www.econbiz.de/10009696133
This paper investigates the nature of paths in the standard neoclassical aggregative model of economic growth that are maximal according to the Suppes-Sen grading principle. This is accomplished by relating such paths to paths which are utilitarian maximal when an increasing (but not necessarily...
Persistent link: https://www.econbiz.de/10008903053
This paper investigates the nature of paths in the standard neoclassical aggregative model of economic growth that are maximal according to the Suppes-Sen grading principle. This is accomplished by relating such paths to paths which are utilitarian maximal when an increasing (but not necessarily...
Persistent link: https://www.econbiz.de/10014170850
Persistent link: https://www.econbiz.de/10011817145
This paper investigates the nature of paths in the standard neoclassical aggregative model of economic growth that are maximal according to the Suppes-Sen grading principle. This is accomplished by relating such paths to paths which are utilitarian maximal when an increasing (but not necessarily...
Persistent link: https://www.econbiz.de/10010292068
In this paper we re-examine the axiomatic basis of the key result on weighted utilitarian representation of preference orders on finite utility streams. We show that a preference order satisfying the axioms of Minimal Individual Symmetry, Invariance and Strong Pareto need not have a...
Persistent link: https://www.econbiz.de/10008649278
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Persistent link: https://www.econbiz.de/10003351865