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Persistent link: https://www.econbiz.de/10011665679
Climate policies have stochastic consequences that involve a great number of generations. This calls for evaluating social risk (what kind of societies will future people be born into) rather than individual risk (what will happen to people during their own lifetimes). As a response we propose...
Persistent link: https://www.econbiz.de/10010530542
Evaluation of climate policies and other issues requires a variable population setting where population is endogenously determined. We propose and axiomatize the rank-discounted critical-level utilitarian social welfare order. It is shown to ll out the space between critical-level utilitarianism...
Persistent link: https://www.econbiz.de/10009614129
When evaluating well-being distributions in an anonymous (and replication invariant) manner, one faces a dilemma between (i) assigning dictatorship to a single worst-off person, thus succumbing to a tyranny of non-aggregation and (ii) assigning dictatorship to (unboundedly) many better-off...
Persistent link: https://www.econbiz.de/10011941310
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 situations and thereby take important steps towards...
Persistent link: https://www.econbiz.de/10010337541
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/10008697034
Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite...
Persistent link: https://www.econbiz.de/10009301142
Evaluation of climate policies and other issues requires a variable population setting where population is endogenously determined. We propose and axiomatize the rank-discounted critical-level utilitarian social welfare order. It is shown to fill out the space between critical-level...
Persistent link: https://www.econbiz.de/10009630630
Persistent link: https://www.econbiz.de/10010245514
Persistent link: https://www.econbiz.de/10009680933