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Sustainability and discounted utilitarianism in models of economic growth
Asheim, Geir B.; Mitra, Tapan - 2009
Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects the interests of future generations and resolves...
Persistent link: https://www.econbiz.de/10010264536
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Combining rights and welfarism: A new approach to intertemporal evaluation of social alternatives
Long, Ngo Van; Martinet, Vincent - 2012
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...
Persistent link: https://www.econbiz.de/10010281039
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A utilitarian notion of responsibility for sustainability
Fünfgelt, Joachim; Baumgärtner, Stefan - 2012
We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer's (1972 … welfare maximization, and Brundtland-sustainability. Using a two-generationsresource-model, we find the following …. Sustainability and responsibility for sustainability are equivalent if and only if sustainability is feasible. If it is not, there …
Persistent link: https://www.econbiz.de/10010281771
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Sustainable recursive social welfare functions
Asheim, Geir B.; Mitra, Tapan; Tungodden, Bertil - 2006
Koopmans’s (Econometrica 28, 287–309) axiomatization of discounted utilitarianism is based on seemingly compelling conditions, yet this criterion leads to hard-to-justify outcomes. The present analysis considers a class of sustainable recursive social welfare functions within Koopmans’s...
Persistent link: https://www.econbiz.de/10010284345
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Characterizing Sustainability in Discrete Time
Asheim, Geir B. - 2018
We examine the investment rule that must be satisfied by an efficient and egalitarian path in a discrete-time version of the Dasgupta-Heal-Solow model of capital accumulation and resource depletion. In the discrete-time model, competitive valuation of net investments in terms of early and late...
Persistent link: https://www.econbiz.de/10012908689
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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
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Evaluating alternatives to GDP as measures of social welfare/progress
Bergh, Jeroen C. J. M. van den; Antal, Miklós - 2014
Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...
Persistent link: https://www.econbiz.de/10010430649
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The aggregation problem : implications for ecological and biophysical economics
Fix, Blair - 2019
issues such as sustainability. [Data and analysis for this paper are available at the Open Science Framework: https …
Persistent link: https://www.econbiz.de/10012053632
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Chapter 3. The nature of natural capital and ecosystem income
Fenichel, Eli P.; Abbott, Joshua K.; Yun, Seong Do - In: Handbook of environmental economics : Volume 4, (pp. 85-142). 2018
sustainability-focused wealth accounts. Typical bookend assumptions of the social planner optimally managing natural capital versus …
Persistent link: https://www.econbiz.de/10014023894
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Two different sources of inequalities : profits and rents in advanced market economies
Mihályi, Péter; Szelényi, Iván - 2016
The starting point of our research is Piketty (2014) who follows Marx by asserting that rents are merely one of the forms of profits, therefore they do not require separate conceptual analysis and statistical separation. Speaking of the generation of rents (as a distinctly different mechanism...
Persistent link: https://www.econbiz.de/10011538527