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Since the early 1990s, at least 45 initiatives have been mounted to improve the environmental and social performance of the mining industry across the world. Many changes in the formal legal and regulatory systems have also been introduced. However, no systematic approach has been adopted to...
Persistent link: https://www.econbiz.de/10011654012
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
When evaluating long-term policies, economists usually suggest to maximize the sum of discounted utilities. On the one hand, discounted utilitarianism was given a solid axiomatic foundation by Koopmans (Econometrica 1960). On the other hand, this criterion has questionable implications when...
Persistent link: https://www.econbiz.de/10005427533
sustainability of agriculture and the concept of corporate social responsibility (CSR). The latter provides a theoretical link … between the views on agriculture’s multifunctionality and sustainability, and between their welfare economic and capital … complement those of multifunctionality and sustainability in order to contribute to a more enlightened debate on agricultural and …
Persistent link: https://www.econbiz.de/10011240655
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 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
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/10005652215
. Viability theory is based on sustainability constraints to be satisfied over time, focusing on feasibility. We make a bridge …
Persistent link: https://www.econbiz.de/10008547445