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Sustainable preferences via nondiscounted, hyperreal intergenerational welfare functions

Pivato, Marcus
Munich Personal RePEc Archive · Reports
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We define an intergenerational social welfare function Sigma from |R^|N (the set of all infinite-horizon utility streams) into *|R (the ordered field of hyperreal numbers). The function Sigma is continuous, linear, and increasing, and is well-defined even on unbounded (e.g. exponentially increasing)
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