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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/10012010018
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
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
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, a generalized criterion is …
Persistent link: https://www.econbiz.de/10013078241
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
This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted … utilitarianism as the discount factor tends to one, we obtain a welfare criterion --- limit-discounted utilitarianism (LDU) --- that … for limit-discounted utilitarianism is presented. …
Persistent link: https://www.econbiz.de/10011188492
ethically convincing justification, and that, only if one endorses utilitarianism as a good ethic. Recent work by Llavador …
Persistent link: https://www.econbiz.de/10012753146
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
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 relate this notion of responsibility to … welfare maximization, and Brundtland-sustainability. Using a two-generationsresource- model, we find the following …
Persistent link: https://www.econbiz.de/10010535180
The existence of a Paretian and finitely anonymous ordering in the set of infinite utility streams implies the existence of a non-Ramsey set (a nonconstructive object whose existence requires the axiom of choice). Therefore, each Paretian and finitely anonymous quasi-ordering either is...
Persistent link: https://www.econbiz.de/10005503874