diverges, then we prove it is optimal for the extended Rawlsian to ignore the uncertainty concerning the possible disappearance … Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various … social welfare criteria entail alternative von Neumann-Morgensternutility functionsfor the EO: utilitarian, Rawlsian, and an …

under this kind of uncertainty, with preferences that satisfy the expected utility hypothesis. Various social welfare …, where the utilitarian and Rawlsian recommend the same intergenerational allocation. Second, we consider a productive economy …) different. Surprisingly, when the utilitarian optimization program diverges, then it is optimal for the extended Rawlsian to …

utilitarian program diverges, then we prove it is optimal for the extended Rawlsian to ignore the uncertainty concerning the … Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various … social welfare criteria entail alternative von Neumann- Morgenstern utility functions for the EO: utilitarian, Rawlsian, and …

intergenerational maximin criterion, which maximizes the quality of life of the first generation subject to maintaining at least that … analysis focuses on a human notion of sustainability, as opposed to the conventional green sustainability, limited to keeping …

environment. We reject discounted utilitarianism and adopt, first, the Pure Sustainability Optimization (or Intergenerational … Maximin) criterion, and, second, the Sustainable Growth Optimization criterion, that maximizes the utility of the first …

intergenerational maximin criterion, which maximizes the quality of life of the first generation subject to maintaining at least that … analysis focuses on a human notion of sustainability, as opposed to the conventional "green" sustainability, limited to keeping …

and the environment. We reject discounted utilitarianism and adopt, first, the Intergenerational Maximin criterion, and …

, the Intergenerational Maximin criterion, and, second, Human Development Optimization, that maximizes the QuoL of the first …

Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our … approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human … substituting consumption for the quality of life. Our sustainability results carry over. As it should be expected, optimal …