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On the nature of suppes-sen choice functions in an aggregative growth model

Dubey, Ram Sewak; Mitra, Tapan - 2010

This paper investigates the nature of paths in the standard neoclassical aggregative model of economic growth that are maximal according to the Suppes-Sen grading principle. This is accomplished by relating such paths to paths which are utilitarian maximal when an increasing (but not necessarily...

Persistent link: https://www.econbiz.de/10008903053

A utilitarian notion of responsibility for sustainability

Fünfgelt, Joachim; Baumgärtner, Stefan - 2012

; ethics ; natural resources ; Pareto efficiency ; responsibility ; Singer ; sustainability ; utilitarianism …

Persistent link: https://www.econbiz.de/10009511254

The limit of discounted utilitarianism

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper presents an infinite-horizon version of intergenerational utilitarianism that is both satisfactorily … complete and consistent. By studying discounted utilitarianism as the discount factor tends to one, we obtain a welfare … criterion --- limit-discounted utilitarianism --- that combines efficiency and the equal treatment of generations with …

Persistent link: https://www.econbiz.de/10010258772

Utilitarianism for infinite utility streams: summable differences and finite averages

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper provides axiomatic descriptions of social welfare relations, defined on infinite streams of utility, that are consistent with the utilitarian criterion on subsets where maximizing aggregate utility has a clear interpretation: the streams, or their differences, are summable. Besides...

Persistent link: https://www.econbiz.de/10010258774

A Utilitarian Notion of Responsibility for Sustainability

Fünfgelt, Joachim - 2014

We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer‟s (1972) principle and the Brundtland Commission‟s notion of sustainability (WCED 1987). We characterize this notion of responsibility through necessary and sufficient conditions,...

Persistent link: https://www.econbiz.de/10013066349

The Limit of Discounted Utilitarianism

Jonsson, Adam - 2013

Persistent link: https://www.econbiz.de/10013078241

The limit of discounted utilitarianism

Jonsson, Adam; Voorneveld, Mark - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 19-37

This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted … utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show …

Persistent link: https://www.econbiz.de/10011855845

Endogenous Economic Growth with Disembodied Knowledge

Marchese, Carla - 2015

Mainstream endogenous growth models assume that new knowledge is embodied into new intermediate or final goods, monopolistically supplied by the patent holder. Recent technological progress, however, often gives rise to pure intellectual contents, such as software codes or business models,...

Persistent link: https://www.econbiz.de/10013010824

Learning-by-doing in two sectors, production structure, leisure and optimal endogenous growth

Göcke, Matthias - 2011

A model with two different production sectors and endogenous growth based on the accumulation of sector-specific human capital due to learning-by-doing is presented. Accumulation of experience is measured by means of sectoral production output aggregated over time. Growth is controlled by a...

Persistent link: https://www.econbiz.de/10008933383

On Ramsey Equilibrium : Capital Ownership Pattern and Inefficiency

Becker, Robert A. - 2013

We provide a sufficient condition on the production function under which eventually the most patient household owns the entire capital stock in every Ramsey Equilibrium, called the turnpike property. This generalizes the result in the literature which establishes the turnpike property using the...

Persistent link: https://www.econbiz.de/10013089621

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