Discounted utilitarianism and the Ramsey equation prevail in the debate on the discount rate on consumption. The … generations or a pure preference for the present. The authors question the unique status of discounted utilitarianism and discuss … Equivalent (EPEDE) criteria. The class is more flexible than discounted utilitarianism in terms of population ethics and it …

-level generalized utilitarianism (PARDCLU), through a key axiom that requires that the social welfare order both be ethical and satisfy … discounted utilitarianism, and avoids objections that have been raised against other ethical criteria. PARDCLU is shown to handle … situations with positive probability of human extinction, and is linked to decision theory by yielding rank-dependent expected …

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 …

resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …

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 …

We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We … thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky … other policy issues with long-run consequences. We illustrate how PARDCLU yields rank-dependent expected utilitarianism …

(intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general …

resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …

utilitarianism (RDCLU). Population ethics is needed for evaluation of policies, e.g., concerning climate change, where population … size depends on the chosen policy. We show that critical-level generalized utilitarianism and (a version of) critical … Conclusion and the Very Sadistic Conclusion (one of which critical-level generalized utilitarianism fails for any critical level). …