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“Intergenerational justice when future worlds are uncertain”
Silvestre, Joaquim; Silvestre, Joaquim; Roemer, John E.; … - Economics Department, University of California-Davis - 2009
Let there be a positive (exogenous) probability that, at each date, the human species will disappear. We postulate an Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various social welfare criteria entail alternative von...
Persistent link: https://www.econbiz.de/10008620514
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North-South convergence and the allocation of CO2 emissions
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Department of Economics and Business, Universitat … - 2010
We postulate a two-region world, comprised of North (calibrated after the US) and South (calibrated after China). Our optimization results show the compatibility of the following three desiderata: (1) Global CO2 emissions follow a conservative path that leads to the stabilization of...
Persistent link: https://www.econbiz.de/10008680902
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Intergenerational Justice When Future Worlds are Uncertain
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
Let there be a positive (exogenous)probability that, at each date, the human species will disappear. We postulate an Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various social welfare criteria entail alternative von...
Persistent link: https://www.econbiz.de/10010547285
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North-South Convergence and the Allocation of CO2 Emissions
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
We postulate a two-region world, comprised of North (calibrated after the US) and South (calibrated after China). Our optimization results show the compatibility of the following three desiderata: (1) Global CO2 emissions follow a conservative path that leads to the stabilization of...
Persistent link: https://www.econbiz.de/10010547479
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Should we sustain? And if so, sustain what? Consumption or the quality of life?
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Economics Department, University of California-Davis - 2012
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our … approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human … substituting consumption for the quality of life. Our sustainability results carry over. As it should be expected, optimal …
Persistent link: https://www.econbiz.de/10010575242
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Sustainability in the Presence of Global Warming: Theory and Empirics
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Human Development Report Office, United Nations … - 2011
sustainability. With respect to the inter-regional issue, we do not take a fundamentally normative approach, but rather a political …
Persistent link: https://www.econbiz.de/10010611339
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North-South Convergence and the Allocation of CO2 Emissions
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Cowles Foundation for Research in Economics, Yale University - 2013
simultaneously address growth expectations and economic development? We postulate a two-region world and, based on sustainability and …
Persistent link: https://www.econbiz.de/10010895675
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Should we sustain? And if so, sustain what? Consumption or the quality of life?
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - 2012
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our … approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human … substituting consumption for the quality of life. Our sustainability results carry over. As it should be expected, optimal …
Persistent link: https://www.econbiz.de/10010318844
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Intergenerational justice when future worlds are uncertain
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Department of Economics and Business, Universitat … - 2009
Let there be a positive (exogenous) probability that, at each date, the human species will disappear. We postulate an Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various social welfare criteria entail alternative von...
Persistent link: https://www.econbiz.de/10008555419
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Intergenerational Justice and Sustainability under the Leximin Ethic
Roemer, John E. - Cowles Foundation for Research in Economics, Yale University - 2005
We model an intergenerational society, with a representative agent at each date, who must deplete a renewable resource, from which he derives utility, to produce consumption goods. We adopt the intergenerational lexicographic minimum as the social welfare function. Initially, technological...
Persistent link: https://www.econbiz.de/10005464028