-income countries. While its allocation has been shown to be influenced by donors' foreign policy considerations, power relations within …

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 …

of the system, under various institutional arrangements, through the initial allocation of permits …

inefficiency of a household resource allocation does not however refute the hypothesis that it chooses this resource allocation as … necessary to show that the observed allocation does not represent a second best optimum. For this it will be necessary to show … the allocation does not hold …

allocation between policy bloc and fringe are both inefficient. When firms buy offsets directly from the fringe and all quotas …. The former (latter) case occurs when free allocation of quotas is not (very) generous, and the offset market is large …