We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We … thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky … other policy issues with long-run consequences. We illustrate how PARDCLU yields rank-dependent expected utilitarianism …

utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for … measures to justify their present costs. In this paper, we propose sustainable discounted utilitarianism (SDU) as an … alternative principle for evaluation of climate policy. Unlike undiscounted utilitarianism, which always assigns zero relative …

planner's von Neumann-Morgenstern preference. We start from Harsanyi's axiomatization of utilitarianism, and ask under which … Mertens used to axiomatize relative utilitarianism. We simplify the axioms, provide a much simpler and more transparent …