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このアイテムの引用には次の識別子を使用してください: http://hdl.handle.net/10114/7928

タイトル: Representation of Preference Orderings with an Infinite Horizon : Time-additive Separable Utility in Continuous Time
著者: Sagara, Nobusumi
佐柄, 信純
キーワード: Preference orderings
Infinite horizon
Time-additive separable utility
Integral representation on Lp-spaces
Recursive utility
発行日: 2013-3
出版者: The Institute of Comparative Economic Studies, Hosei University
抄録: This paper proposes an axiomatic approach in a continuous-time framework for representing preference orderings with an infinite horizon in terms of time-additive separable (TAS) utility. To deal with divergent paths that emerge in endogenous growth models, we introduce several new axioms for preference orderings and exploit an integral representation of nonlinear functionals on Lp-spaces to obtain TAS utility functions with constant discount rates. Moreover, it is demonstrated that preference orderings given by recursive utility functionals are representable by means of TAS utility functions.
URI: http://hdl.handle.net/10114/7928
ISSN: 09111247
出現コレクション:Journal of International Economic Studies


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