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Koopmans’s (Econometrica 28, 287–309) axiomatization of discounted utilitarianism is based on seemingly compelling …
Persistent link: https://www.econbiz.de/10005652215
This paper concerns ethical aggregation of infinite utility streams. Position i is typically interpreted as the endowment of generation i. We analyze the broad question: In order for the social welfare to increase, the interest of how many generations can be respected if we intend to be...
Persistent link: https://www.econbiz.de/10008506107
In this work we analyse social welfare relations on sets of infinite utility streams that verify various types of liberal non-interference principles. Earlier contributions have established that (finitely) anonymous and strongly Paretian quasiorderings exist that agree with axioms of that kind...
Persistent link: https://www.econbiz.de/10009211210
Two factors influence the resolution of the conflict among infinite generations: the consistency/ethical postulates requested; and the utilities that each generation can possess. We contribute to qualifying the Basu-Mitra approach to this problem, that concerns social welfare functions. Firstly we...
Persistent link: https://www.econbiz.de/10008561158
The idea of regulating pollutions by means of tradable emission permits on a competitive market was developed for the first time by Dales in 1968. The question of the citizens’ participation on these markets received little attention in the economic literature. However, people are allowed to...
Persistent link: https://www.econbiz.de/10008592458
This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou-Dalton transfer principle are incompatible with positive responsiveness to welfare improvements...
Persistent link: https://www.econbiz.de/10008765931
I study the egalitarian way of distributing resources across generations. Distributional equity deeply conflicts with the Pareto principle: efficient allocations cannot guarantee that i) each generation be assigned a consumption bundle that is at least as large as an arbitrarily small fraction...
Persistent link: https://www.econbiz.de/10010242092
criteria avoids serious drawbacks of existing alternatives, such as discounted expected utilitarianism. Specifically, the …
Persistent link: https://www.econbiz.de/10011333646
In his Theory of Moral Sentiments, Adam Smith lays out an account of ethics based on reflected passions towards our neighbours. I argue that this account can inform theories of intergenerational justice. Existing approaches implicitly focus on claims of justice between generations, not...
Persistent link: https://www.econbiz.de/10015423490
, both in a static and in an intertemporal framework. Section 5 deals with the special case of utilitarianism. We review some … welfarism theorem to a variable-population framework and provide a characterization of critical-level generalized utilitarianism …
Persistent link: https://www.econbiz.de/10014023832