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Persistent link: https://www.econbiz.de/10014474447
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10003459197
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/10009686597
This paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the …
Persistent link: https://www.econbiz.de/10009623407
limited, which seems to be crucial for today's sustainability debate. …
Persistent link: https://www.econbiz.de/10011592713
Persistent link: https://www.econbiz.de/10011821757
Persistent link: https://www.econbiz.de/10009793368
-regional resource allocation be regulated? These are normative questions: their answers depend upon the theory of distributive justice … held. We argue, with respect to the intergenerational question, for a theory of justice that is motivated by the concept of … 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
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
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10011753120