Similar Search Results

Discounting the Long-Distant Future: A Simple Explanation for the Weitzman-Gollier-Puzzle

Buchholz, Wolfgang; Schumacher, Jan - CESifo - 2008

In this paper, we reconsider the debate on Weitzman's (1998) suggestion to discount the long-run future at the lowest possible rate, referring to Gollier (2004) and Hepburn & Groom (2007). We show that, while Weitzman's use of the present value approach may indeed seem questionable, its outcome,...

Persistent link: https://www.econbiz.de/10005181518

Social Welfare and Coercion in Public Finance

Winer, Stanley L.; Tridimas, George; Hettich, Walter - CESifo - 2008

This paper develops an expanded framework for social planning in which the existence of coercion is explicitly acknowledged. Key issues concern the precise definition of coercion for individuals and in the aggregate, its difference from redistribution, and its incorporation into normative...

Persistent link: https://www.econbiz.de/10005181467

The Malleability of Undiscounted Utilitarianism as a Criterion of Intergenerational Justice

Asheim, Geir B.; Buchholz, Wolfgang - CESifo - 2000

Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has … allocation must involve discounting, and (2) that undiscounted utilitarianism subjects the present generation to heavy demands …-nologies) that undiscounted utilitarianism is so malleable that any efficient and non-decreasing allocation can be the unique optimum …

Persistent link: https://www.econbiz.de/10005405840