The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …

-maximal lockdown saving lives at the cost of reducing average utility at a given period, there exists always a stricter lockdown, which … further reduces average utility, but leads to a larger aggregate welfare. The optimal lockdown under utilitarianism is also …

Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on … the Economics of Climate Change concentrates on the use of the elasticity of marginal utility ç in the intergenerational … ç is preferable to the use of the pure time discount parameter ñ when a balanced distribution of utility across …

We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the … considered as a right, constant consumption can be optimal even with a positive utility discount rate. The shadow prices of …

these models and argue that preferences of a decision maker should be represented by a sequence of utility functions. This …