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sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a … complete technological characterization of the sustainability problem in this model without reference to the time path. As a … byproduct we show general existence of a maximin optimal path under weaker conditions that those employed in previous work. Our …
Persistent link: https://www.econbiz.de/10010330259
sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a … complete technological characterization of the sustainability problem in this model without reference to the time path. As a … byproduct we show general existence of a maximin optimal path under weaker conditions that those employed in previous work. Our …
Persistent link: https://www.econbiz.de/10010281450
sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a … complete technological characterization of the sustainability problem in this model without reference to the time path. As a … byproduct we show general existence of a maximin optimal path under weaker conditions that those employed in previous work. Our …
Persistent link: https://www.econbiz.de/10010785541
sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a … complete technological characterization of the sustainability problem in this model without reference to the time path. As a … byproduct we show general existence of a maximin optimal path under weaker conditions that those employed in previous work. Our …
Persistent link: https://www.econbiz.de/10010535632
for the maximin and zero-discounting cases and present closed form solutions for the case where the production function …
Persistent link: https://www.econbiz.de/10005012499
We frame sustainability problems as bargaining problems among stakeholders who have to agree on a common development … conditions under which such a subset of alternatives is computable. We apply our framework to dynamic sustainability problems. We …
Persistent link: https://www.econbiz.de/10012018162
The dynamics of a population and a resource are investigated in a maximin model based on Brander and Taylor …’s stylization of Easter Island, in order to consider the sustainability of the society represented. There are continua of both … regular and non-regular maximin solutions, the type depending on the initial conditions. A non-regular maximin steady state …
Persistent link: https://www.econbiz.de/10010880583
Let there be a positive (exogenous) probability that, at each date, the human species will disappear. We postulate an Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various social welfare criteria entail alternative von...
Persistent link: https://www.econbiz.de/10008555419
Suppose that there exists a positive (exogenous) probability that at each date of a possibly infinite future, the human species will disappear. We postulate an Ethical Observer (EO) who must solve an intertemporal welfare maximization problem under this kind of uncertainty, with preferences that...
Persistent link: https://www.econbiz.de/10005196022
accounting as derived in many empirical models is not appropriate for studying sustainability. Maximin is a consistent foundation … generalization of the notion of sustainability and can be analyzed using a generalization of maximin. … green accounting in terms of social utility. Sustainability is a different type of social objective. Consequently, green …
Persistent link: https://www.econbiz.de/10009283634