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This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …
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This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …
Persistent link: https://www.econbiz.de/10001737582
We examine the investment rule that must be satisfied by an efficient and egalitarian path in a discrete-time version of the Dasgupta-Heal-Solow model of capital accumulation and resource depletion. In the discrete-time model, competitive valuation of net investments in terms of early and late...
Persistent link: https://www.econbiz.de/10012908689
sustainable development. The volume analyzes sustainability from three different perspectives and addresses sustainable … Sustainability; Characterizing Sustainability; Indicating Sustainability. The first part (Justifying Sustainability) analyzes from a …. The second part (Characterizing Sustainability) describes how manmade capital (both real and human) must be accumulated in …
Persistent link: https://www.econbiz.de/10014425411
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/10010274972
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investigate whether this rule indicates sustainability and requires substitutability between manmade and natural capital. In …
Persistent link: https://www.econbiz.de/10009781576