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utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for … measures to justify their present costs. In this paper, we propose sustainable discounted utilitarianism (SDU) as an … alternative principle for evaluation of climate policy. Unlike undiscounted utilitarianism, which always assigns zero relative …
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The generality principle advocated by Buchanan and Congleton (1998), stating that only legislation which treats all citizens equally as citizens is permissible, is normally motivated on contractarian grounds. It is shown that the generality principle can also be motivated on...
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The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
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