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Piacquadio, Paolo G. - 2015 - This version August 7, 2015

The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot depend on the realization of later shocks and, consequently, some inequalities across generations are inevitable. To account for these inequalities, risky intergenerational...

Persistent link: https://www.econbiz.de/10011333646

Evaluating intergenerational risks : probabillity adjusted rank-discounted utilitarianism

Asheim, Geir B.; Zuber, Stéphane - 2015 - This version February 20, 2015

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

Fair intergenerational utilitarianism : risk, its resolution over time, and discounting

Piacquadio, Paolo Giovanni - 2014

The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...

Persistent link: https://www.econbiz.de/10010467848

Fair Intergenerational Utilitarianism : Risk, its Resolution Over Time, and Discounting

Piacquadio, Paolo G. - 2015

Persistent link: https://www.econbiz.de/10013030316

Sustainability with Risky Growth

Love, David A.; Phelan, Gregory - 2023

We investigate the fundamental determinants of sustainability in general equilibrium. We adopt a definition of … sustainability that requires that the welfare of future generations is not expected to decrease on average. We then use a stochastic … equilibrium, sustainability boils down to supply-side factors, with increased growth, decreased consumption risk, and greater …

Persistent link: https://www.econbiz.de/10014255987

Prognose des CO2-Zertifikatepreisrisikos

Dannenberg, Henry; Ehrenfeld, Wilfried - 2008

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices. We assume that the certificate price is...

Persistent link: https://www.econbiz.de/10003747872