Quasitransitive intergenerational choice for economic environments

The overlapping generations model for infinite horizon intergenerational social choice settings is proven oligarchical on the conditions of strict nonimposition, Arrow's independence axiom and the generation of continuous and transitive strict social preference relations. The oligarchy is finite and preference relations of some members maybe inverted prior to incorporation into the group preference scheme. Application of the overlapping generations exchange economy in the definition of outcomes yields the same conclusions, while the unrestricted domain case yields stronger results.