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Combining Rights and Welfarism: A New Approach to Intertemporal Evaluation of Social Alternatives
Long, Ngo Van; Martinet, Vincent - CESifo - 2012
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10009651182
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Economic Analysis, Sustainability and Environmental Commons
Musu, Ignazio - CESifo - 2013
When confronted with market weaknesses and failures determining sustainability problems for environmental common … factors at work in determining the role of institutions to deal with sustainability issues and explores the implications of …
Persistent link: https://www.econbiz.de/10010723528
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Sustainability and Discounted Utilitarianism in Models of Economic Growth
Asheim, Geir B.; Mitra, Tapan - CESifo - 2009
Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects the interests of future generations and resolves...
Persistent link: https://www.econbiz.de/10005181313
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The Environmental Kuznets Curve and Sustainability: A Panel Data Analysis
Farhani, Sahbi; Mrizak, Sana; Chaibi, Anissa; Rault, … - CESifo - 2014
In recent years, sustainability has represented one of the most important policy goals explored in the environmental … specification, namely modified EKC (MEKC), we show that there is an inverted U-shape relationship between sustainability and human …. More interestingly, findings from the estimation show that EKC hypothesis, HD and sustainability are crucial to build …
Persistent link: https://www.econbiz.de/10010765493
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Justifying Social Discounting: The Rank-Discounted Utilitarian Approach
Zuber, Stéphane; Asheim, Geir B. - CESifo - 2010
The discounted utilitarian criterion for infinite horizon social choice has been criticized for treating generations unequally. We propose an extended rank-discounted utilitarian (ERDU) criterion instead. The criterion amounts to discounted utilitarianism on non-decreasing streams, but it treats...
Persistent link: https://www.econbiz.de/10008671700
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Urban development and air pollution: evidence from a global panel of cities
Hilber, Christian A. L.; Palmer, Charles - London School of Economics (LSE) - 2014
We exploit a unique panel of 75 metro areas (‘cities’) across the globe and employ a cityfixed effects model to identify the determinants of within-city changes in air pollution concentration between 2005 and 2011. Increasing car and population densities significantly reduce air pollution...
Persistent link: https://www.econbiz.de/10011277212
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Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian - CESifo - 2012
The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to a richer risk attitude than that captured in the standard discounted expected utility model. I derive three models that permit a more comprehensive risk evaluation. These...
Persistent link: https://www.econbiz.de/10010544183
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Climate Policy under Sustainable Discounted Utilitarianism
Dietz, Simon; Asheim, Geir B. - CESifo - 2011
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for climate policies, where the discounting of...
Persistent link: https://www.econbiz.de/10009293489
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The Clean Development Mechanism: too flexible to produce sustainable development benefits?
Watson, Charlene; Fankhauser, Samuel - London School of Economics (LSE) - 2009
The Clean Development Mechanism (CDM) of the Kyoto Protocol has a dual objective: to encourage low-cost emission reduction and to promote sustainable development in the host countries of CDM projects. The CDM has by and large delivered on the first objective but arguably not on the second. This...
Persistent link: https://www.econbiz.de/10010744944
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Climate policy under sustainable discounted utilitarianism
Dietz, Simon; Asheim, Geir B. - London School of Economics (LSE) - 2011
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is contro-versial, both due to the conditions through which it is justifed and due to its consequences for climate policies, where the discounting of...
Persistent link: https://www.econbiz.de/10010745973