Patient Preferences, Intergenerational Equity, and the Precautionary Principle
Patient preferences have a social welfare interpretation consonant with a belief that the society affected by present decisions will last for a very long time. In stochastic settings, these preferences lead to justifications for variants of the precautionary principle.
Year of publication: |
2014-03
|
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Authors: | Khan, Urmee ; Stinchcombe, Maxwell |
Institutions: | Department of Economics, University of California-Riverside |
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