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This paper takes sustainability to be a matter of intergenerational welfare equality and examines whether an optimal … practical, especially in the context of developing countries. The maximin criterion of sustainability may be more appealing to …
Persistent link: https://www.econbiz.de/10010312409
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10010281039
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
Koopmans’s (Econometrica 28, 287–309) axiomatization of discounted utilitarianism is based on seemingly compelling conditions, yet this criterion leads to hard-to-justify outcomes. The present analysis considers a class of sustainable recursive social welfare functions within Koopmans’s...
Persistent link: https://www.econbiz.de/10010284345
We examine the investment rule that must be satisfied by an efficient and egalitarian path in a discrete-time version of the Dasgupta-Heal-Solow model of capital accumulation and resource depletion. In the discrete-time model, competitive valuation of net investments in terms of early and late...
Persistent link: https://www.econbiz.de/10012908689
I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor … compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels …
Persistent link: https://www.econbiz.de/10013040484
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10010927919
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10009651182
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
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10010538867