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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
This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …
Persistent link: https://www.econbiz.de/10011514087
We develop a framework for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, e.g., both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national...
Persistent link: https://www.econbiz.de/10011514098
We develop a framework for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, e.g., both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national...
Persistent link: https://www.econbiz.de/10013320152
This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …
Persistent link: https://www.econbiz.de/10013320154
The objective of this paper is to provide an axiomatic foundation to the concept of ecological footprint indices. For … point of view, there is no longer the need for designing ecological footprint indices ad-hoc, in particular for the sake of …
Persistent link: https://www.econbiz.de/10011944536
In this chapter, we review the concept of national income and the economic theory of national income accounting. There are two building blocks – the ideas of Fisher, Lindahl, Hicks about income as an expenditure level that can be continued into the future, and the concept of income as a...
Persistent link: https://www.econbiz.de/10014023910
We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices …. We observe that most of the available aggregation techniques produce indices that are often too favorable for autocratic … that the distortions in the OLS and 2SLS estimates are substantial. Our findings imply that commonly used indices are not …
Persistent link: https://www.econbiz.de/10011966711
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
-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics … of sustainability problems and policy: (i) temporal irreversibility, i.e. the inability to re- vise one’s past actions …”. If initially unforeseen sustainability problems become apparent and policy is enacted after irreversible ac- tions were …
Persistent link: https://www.econbiz.de/10008907720