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Discounting is still a highly contested element of cost–benefit analysis. From an epistemological point of view … level, discounting turns out to be a hypothesis that has to be justified empirically. This approach requires a method for a … direct (utility-)evaluation of future cash-flows in order to prove that discounting correctly represents changes of utility …
Persistent link: https://www.econbiz.de/10008563789
The guiding principle of sustainability is widely accepted in today´s international policies. The principle contains two seperate objectives of justice with regard to the conservation and use of ecosystems and their services: (1) global justice between different people of the present generation...
Persistent link: https://www.econbiz.de/10010265928
The guiding principle of sustainability is widely accepted in today´s international policies. The principle contains two seperate objectives of justice with regard to the conservation and use of ecosystems and their services: (1) global justice between different people of the present generation...
Persistent link: https://www.econbiz.de/10008458176
The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot depend on the realization of later shocks and, consequently, some inequalities across generations are inevitable. To account for these inequalities, risky intergenerational...
Persistent link: https://www.econbiz.de/10011557200
resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10010480801
The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot depend on the realization of later shocks and, consequently, some inequalities across generations are inevitable. To account for these inequalities, risky intergenerational...
Persistent link: https://www.econbiz.de/10011333646
resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10010467848
Persistent link: https://www.econbiz.de/10012415896
resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10011103396
Does economic justice stymie economic development? This paper demonstrates that sustainability is compatible with Rawlsian intertemporal justice, even when considering human capital and natural resources. The methodology employed herein extends and amends previous works that (1) do not consider...
Persistent link: https://www.econbiz.de/10014589038