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Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the … sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an … genuine savings and the sustainability prospects of future generations. …
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value, which is an endogenous dynamic sustainability constraint. If utility reaches this limit, sustainability imposes … assessment of sustainability in the short- and the long-run in non-optimal economies. …
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. This paper investigates the relationship among current consumption, sacrifice, and sustainability improvement in a general … sustainability improvement. It is called durable savings to distinguish it from genuine savings, usually computed with discounted …
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We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks. We characterize the sustainable development path that a social planner would implement to achieve intertemporal egalitarianism. If...
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We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
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